Suze says when they duck collection calls from student loan lenders they're actually making those lenders very happy. "A private student loan is at about a 10 1/2 to 16 percent interest rate that compounds. That $100,000 is going to go to $200,000. It's going to go to $400,000."
Even bankruptcy can't save you from student loan repayment. "You cannot, in 99 percent of the circumstances out there, ever bankrupt a student loan," Suze says. "You can never get rid of it in bankruptcy unless there's some tremendous hardship, which you are not in, and that means that eventually they have the ability to come and garnish your wages, sir," she says. "And yet you think you're getting away with something when you don't answer the phone?"