According to the Project on Student Loan Debt: Seven in 10 college graduates (71%) finish school with an average of $29,400 in student loan debt.
Editor’s note: Be sure to check out our list of 85 Government Agencies that will pay off your student loans at the end of this
In the current economic environment, one impact of the credit crunch is that it’s getting harder than ever to obtain loans of all kinds, including student loans. Unfortunately, millions of Americans rely on loans to pay for a college education. That’s why roughly $730 billion in federal and private student loans are outstanding, and only 40 percent of it is currently being repaid, according to FinAid.org, which tracks student loans.
When it comes to paying off student loans, desperate times call for desperate measures.
That’s the growing sentiment among cash-strapped Americans throughout the country who are taking drastic steps to eliminate college debt.
Q: How can I complete school if I run out of financial aid? Should I get a private student loan? A: Well, the answer to
Question: I went to Culinary School not realizing my student loans would cost me around $1,000 a Month. We had to file a Chapter 13
Q: I am at month 11 of a student loan rehabilitation program for a defaulted loan of about $80,000. I have made 10 on time
Q: I am a medical student. I have a total of around $300,000 in student loan debt taken out in both Stafford and Grad Plus
Q: I Have a Student Loan With a Company. What Can I Do To Keep This Company From Garnishing My Check and Taking My Federal
Q: My Student Loan is In Collections. What Steps Can I Take To Remedy This Situation? A: You did not state whether you are struggling
As you probably know, student loans are generally not dischargeable in bankruptcy court. So despite your recent bankruptcy filing, any loans you had with Sallie Mae remain outstanding. To bring an overdue student loan current, simply contact your lender or loan servicer and make arrangements to pay the amount due – either in a lump sum or over time. If your student loan is seriously delinquent and is in default, you can do one of four things:
Q: I recently filed for bankruptcy and it was discharged in October. But on my credit report one of my student loans was listed as
A couple of Facebook fans who recently heard me on the Russ Parr Show have asked me to elaborate on the Student Loan Cancellation Program.
The bad news is that most law school graduates have a ton of student loan debt. The good news is that many law schools forgive
The topic of student loan cancellation is covered in my book, Zero Debt for College Grads. The following is a short excerpt. I’ve already warned
This post is part of week-long a series of articles about how to qualify to get student loans canceled. By Lynnette Khalfani-Cox, The Money Coach
