Evolving Personal Finance » Entries tagged with "federal"

Why We’re Holding on to My Student Loans

March 12th, 2014 | 26 Comments

While reading a blog this week (can’t remember which, sorry!), saw a paraphrase of some advice from Suze Orman wherein she called student loans the most dangerous type of loan you can have and advised paying them off before paying off any other type of debt.  Even though I’m not a Suze Orman consumer (the way I am with Dave Ramsey and Ric Edelman) and so I’m not familiar with her philosophy, I could hardly believe that this was an accurate portrayal.   But it was.  Check out this short clip of her telling a questioner to pay off student loans first, regardless of interest rate.     I understand that it’s noteworthy that student loans aren’t bankruptable, but is the possibility of bankruptcy so immediate for so many borrowers that it becomes worthwhile to … Read entire article »

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