How to pay off college loans/debt?
Question by MAC loves Stars: How to pay off college loans/debt?
What are my options? I know there is something about loan consolidations. I know if you join the armed forces they usually pay off your debt. I know there are loan forgiveness programs for teachers, whereas they can teach at low income school districts and have their loans paid off. I am a sociology major who wants to work with children in the future.If you took out loans while in collge, how did you pay off your debt?
Best answer:
Answer by tkahrs12122
Sent in payments every month. I would not count on someone else paying your student loans without getting that in writing.
What do you think? Answer below!
Tags: College, loans/debt
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If you fit into the criteria, then you should move ahead to the next step, which is talking to the consolidation company and asking them to contact your creditors to reduce your monthly payments and interest rates. Just as with any other loan, student loan repayment affects your future prospects of loan-taking.
If student loan debt goes beyond eighty-five percent of your total income, it is seen as a negative score in your future credit assessment.