Saturday, October 08, 2005
Student Loans and Paying Them Back
A lot of searches have been done lately about finding a way to pay off student loans. I did some checking myself and found out a lot of interesting information. Usually these student loans are signed without reading all of the terms. I mention this because there are some loans that don't have to be paid back and/or are forgiven. But it will depend on the terms of your student loan.
There are also some programs in place where if you perform some public/non-profit service your repayment amount will be reduced and in some cases the loan will be forgiven totally.
There is also a program in place where teachers can receive a total loan forgivenenss if they teach in low-incomed areas and/or they teach certain subjects.
So it will depend on many things and it will also depend on the terms of your original student loan.
There are also some programs in place where if you perform some public/non-profit service your repayment amount will be reduced and in some cases the loan will be forgiven totally.
There is also a program in place where teachers can receive a total loan forgivenenss if they teach in low-incomed areas and/or they teach certain subjects.
So it will depend on many things and it will also depend on the terms of your original student loan.
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