Reducing Student Loan Debt
With college students facing higher and higher balances for their education loans, it’s no wonder that many are looking for ways to lower their debt burden upon graduation.
One way is to consolidate your loans from different lenders to take advantage of one simple, monthly payment at a fixed rate. If your loans are federal education loans, you may qualify for debt deferment or even forgiveness if – and it’s a big “if” – you work in a public service sector job such as the Peace Corps, AmeriCorps, as a teacher, child care worker, for the elderly, in law enforcement or emergency management in underserved areas and more.
Don’t let a mountain of education debt overwhelm you. With a little research and a lot of persistence, you’ll find many ways that can help you lower the cost of higher education.