Comments on: 10 Ways to Eliminate Student Loans (Beyond Paying Them Off)

By: Liam

Liam — Fri, 09 Dec 2011 16:23:22 +0000

Database of Loan Repayment/Forgiveness Scholarship Programs
http://services.aamc.org/fed_loan_pub/index.cfm?fuseaction=public.welcome&CFID=1&CFTOKEN=23A1B1B6-0209-427D-E13CE06F83310813

By: Frank P

Frank P — Wed, 28 Sep 2011 17:05:41 +0000

Remember – they offer one of the lowest interest rates so if you have other debts look at them first!

By: Samantha

Samantha — Mon, 21 Feb 2011 22:37:02 +0000

When the UK government talk about student loans, they always assume that graduates will either walk straight into well paid jobs or they will be unemployed. In the first instance, the employed graduate will be able to comfortably afford to repay their student loan. In the second instance, the unemployed student will not be required to repay their student loan until such time as they are in employment. But the truth is, for those graduates who are lucky enough to find a job, the pay is usually just above the threshold above which their student loan becomes repayable. The repayment is deducted at source and a rather measly salary suddenly becomes a minimum wage and results in a struggle to survive alongside the struggle to establish themselves in a career.

By: Suzanne

Suzanne — Fri, 14 Jan 2011 09:29:04 +0000

Paying off student loans is currently on topic here in the UK. Recent riots instigated by anarchists objecting to increased tuition fees’s have brought student loans well into the spotlight. Unfortunately there is a section of the UK public who feel they should get things for nothing and this encapsulates student loans; the subsequent increase in fee’s has created chaos. Student loans are only expected to be paid when the applicant begins to earn an agreed amount; the real issue is the lack of employment opportunities for graduates and the subsequent knock on effect this has upon peoples capacity to repay the debt.

By: Florida

Florida — Fri, 10 Dec 2010 05:52:44 +0000

I would like to know if any of the above options worked for loans in higher amounts, working in age 40′s, for a graduate degree willing to work in any non-profit or lower income community or charitable setting. giving back to help pay the student loans sounds like a good option at this point in my life.

By: arginine

arginine — Thu, 30 Sep 2010 15:11:44 +0000

these are very practical tips. need to share this with my dorm mate. thanks.

By: Hunter

Hunter — Fri, 20 Aug 2010 15:44:59 +0000

Another good way to get out of them is to die.

Also if you’re going to get married and you’re approached about consolidating student loans under your spouse’s name, DO NOT DO IT. You may get a lower rate, but in the even you die those debts become your spouse’s instead of being forgiven.

By: Candy

Candy — Tue, 17 Aug 2010 20:35:54 +0000

I feel every ones pain at this time. I’m having a hard time landing a job in Medical Billing/Coding(Went to school on a student loan/ Sallie Mae) and now they are at my door. I find that no one will hire unless you have at least a year or more experience, so now you feel that the added education you recieved that is part of your career disipline will never pan out and now you feel like you are paying for an education that will inprove your bottom line. So where do you go from here?

By: maria

maria — Sun, 11 Jul 2010 13:17:37 +0000

I am in the same situation, only that my loan is now 37,000.00 I will consult a loan negotiator and see if they can help me to get a debt reduction with the collection agency. let me know if you have any other solution idea..

By: Jan

Jan — Fri, 09 Jul 2010 17:42:43 +0000

I had to take over $7000.00 loan in my daughters first year of college. they said that because of the money I had at the time, I had to make this contribution, this was w/ Sallie Mae.. ( this money was from her fathers life insurance policy, he was killed about 6 years before in a car accident, it was not from income that I was incurring). By the time it came to repay this loan, I had declared bankruptcy, lost my home, not had a full time job, nor made more than $8.00. Of coarse I was allowed to defer and have not had to pay because of my circumstances. in the meantime interest has accrued and the loan is now over $17,000.. I am over 50 years old and unless I win the lottery, I do not see how I will ever repay this loan. Of course this has ruined my credit and my hands are tied. How can this be fair, I did not receive this education, I will never benifit, but I will always pay for not having money.