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Suze Orman Exposes The Biggest Secrets About Student Debt That Banks Don't Tell You

Business  (tags: big banks, student loans, Suzie Orman, economy, corporate, money )

- 2171 days ago -
Reality of your student loan situation.

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Nancy Black (308)
Saturday June 9, 2012, 10:46 am
Noted,tweeted, shared, tweeted and commented. Suze tells it like it is. Students would do far better to go to state colleges or community colleges; they might even do better not to go to college; instead, choose a trade school, if that is where their interest lies. We need to control the banks more, but you know how much of a chance we have of that happening with all of the banks' lobbying power.

Robert O (12)
Saturday June 9, 2012, 1:02 pm
Thanks Nancy.

Michael Barth (43)
Saturday June 9, 2012, 3:20 pm
Thanks for sharing this. I would love to go back to a local community college to get re-trained but cannot afford the loans that are being offered to me. I am looking for other ways to go but I am not sure when or if I will be able to go.

Elizabeth Stuef (8)
Sunday June 10, 2012, 2:17 pm
Just another way the Capitalist system can keep the poor from getting an education. Capitalism requires that a certain number of workers be unemployed or in poor paying jobs. I went to university in the 60"s and it didn't require me to go into debt like the young people have to now.

Gloria H (88)
Sunday June 10, 2012, 3:16 pm
Somber information. Warning to parents...maybe worth it to stop indulging kids on crap they dont need in order for them to fit in with the crowd. They may whine, but sticking it out (introduction to the REAL world)...getting a scholarship, a part time job will be the only way to afford community college. Which may be the only hope for their future.

Carlene V (202)
Sunday June 10, 2012, 5:02 pm
Thanks Nancy, this is a eye opener that I am sure most people don't even realize about the banks.

Glenville J Owen (0)
Sunday June 10, 2012, 5:51 pm
When I was being educated in the UK, university education was supplied free by the state for students who desired it and who were a lot more intelligent than myself. At sixteen I was offered two interesting apprenticeships with local firms. I chose one that made industrial switchgear, where learning the trade was both fascinating and easy. Although not so now, apprenticeships were plentiful in those days. In later years in my spare time I was able to enroll at the local college for free, and spent some fun time brushing up on maths, physics, electronics and could have chosen if I wished many other courses to study. One subject I wished I'd have taken then was English. My grasp of it now isn't brilliant, the spell check on my computer is saving me from making a lot of embarrassing spelling gaffs.
Not all people are suited to university education, and with the eye watering cost of higher education these days offered to many more people who have qualified and been accepted into our universities, it might be wiser if most of them considered taking a more practical route into the workplace. We definitely need more apprentice schemes where skilled people can teach their craft to the young school leavers, or the unemployed of any age group.

Sheila D (28)
Sunday June 10, 2012, 7:35 pm
Suze Orman is very clear and concise, and so right. It's very frustrating for those who really want a better education to realize how much in debt they would be. Several of those who commented mentioned working while in college to pay the costs. It takes a lot longer, but sure seems like the better course of action. Unfortunately, they have to find a job, or jobs, to do that.

Monday June 11, 2012, 12:49 pm
Wow! What a cruel piece of legislation our elected officials and the banks have hamstrung on the American people and their children. The politicians and the Federal reserve gives the banks interest free bailouts and these bloodsuckers turn around and loan it to students to get a fake education the doesn't get you a job to repay the loan at interest rates that should be illegal.

Then you are not allowed to file bankrupcy on this urury situation. When you demonstrate non violently against this obviously immoral situation, the police batons, tear gas, paddy wagons, pepper spray, and two legged attack dogs are waiting for you.

We are ruled by calculating subhumans.

Doug G (0)
Monday June 11, 2012, 6:23 pm
Can there be a bigger rat bast#rd than bankers and their political lice? I think not.

catherine Buchanan (113)
Monday June 11, 2012, 10:46 pm
the way the expense of the higher educational system is designed is to deliberately discourage people from getting that higher education. the funding of higher education has deliberately whittled away so that the politicians can maintain an uneducated population. uneducated population means extremely few people are able to develop critical thinking skills, much needed to have an effective democratic government. if the people are uneducated, they stay away from the polls or they vote for people who give them the best lip service, which turns into a control game by the politicians, which is exactly what we have today.

. (0)
Saturday June 16, 2012, 1:34 pm
There is a posting of a man who who is living the horror Susie talked about - the man who has to pay back his deceased son's co-signed college loan.....What she didn't say is , this loan can be payed back a dollars or two a month - screw the banks.
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