Bestselling author and personal finance adviser Suze Orman says she places high value on an individual's investment in an affordable college education.Related: Dave Ramsey explains one vital money move everyone should make now
Orman focused those comments on student loans for undergraduate degrees for a reason. It's the next level of education where she believes most people run into trouble. "From July 2021 to June 2022, the U.S. Department of Education disbursed $39 billion dollars in federal student loans to graduate students and $44 billion to undergraduate students and their parents,"
"A closer look at borrowing trends and the outcomes of graduate programs, however, suggest cause for concern," the report continued."Unlike undergraduate students, graduate students have been able to borrow up to the cost of attendance of their program of study since 2007." Orman also calls attention to another detail in the report regarding the expectation that a graduate degree will result in higher career earnings.