Bankruptcy Quote by Suze Orman
“Remember that in most cases, student loan debt is not dischargeable in bankruptcy. So you continue to pay it off anyway. Those who have very low interest rates (2-2.5 percent) on student loans and know everything is secure, great.”
About This Quote
Source Financial advice column, 2015
Student loans are rarely discharged in bankruptcy, so repayment continues.
In simple terms: Student loans usually can’t be erased.
Key Takeaway
Plan for long‑term repayment.
Themes
debt
bankruptcy
financial planning
Mood
practical
cautious
Type
advice
financial
When to use this quote
- college graduates
- homebuyers
- entrepreneurs
- financial advisors
Key Concepts
interest rates
loan terms
Questions to Reflect On
- Are you prepared for repayment beyond low rates?
- What strategies can reduce loan burden?
A Different Perspective
Low interest may create complacency.
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