Tuesday, October 6, 2009

Student loan forgiveness?

I found this article at msn.com very interesting as I have accepted many student loans in the last year or so.

I find it very difficult not to accept those loans, even though I know that when I graduate they will all become due. So the article I have linked above means a lot to me. I had no idea that there would be so many ways to find help paying them back. We can do volunteer work, and meet certain requirements through those volunteer programs and earn education credits. Some of these credits can be used to pay off old student loan debt, and some can be used to start a new education.

Of course, there is also the old standby, that if you are currently employed in your field of choice, that your employer will pay for your education. I have that option available to me, but I do not want to feel any obligation to the current employer, as I do not intend to stay once my education is complete.

There is a spot in the article that talks about if you are employed in your field of choice for ten years, then your debt can be forgiven. Would that not be awesome! As I said earlier, I have a lot of student debt already and have only been in a school for a little over a year.

I for one am already looking into ways to help alleviate the student loan burden and this article has helped me to do that.

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