New loan limits may push families to private borrowing, Suze Orman warns

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New loan limits may push families to private borrowing, Suze Orman warns — Parents face risks with private loans

Suze Orman, financial advisor and author at Self-employed, underscores that parents should prioritize their retirement over taking on debt for their child's college expenses.

Orman notes that new limits on PLUS loans could drive more families toward private student loans, which may carry additional risks. She advises borrowers to fully understand these risks before taking on new debt.

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Orman has recently outlined the benefits of working alongside a trusted partner to maintain accountability toward financial objectives in a previous advisory. She also announced a free webinar covering investment strategies across stocks, ETFs, REITs, and Bitcoin. Her guidance continues to span a range of personal finance topics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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