Comments on: What ways can I get rid of student debt? http://www.student--creditcards.com/2009/08/what-ways-can-i-get-rid-of-student-debt/ Helping students pick a credit card Mon, 31 May 2010 22:33:45 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Lauren F http://www.student--creditcards.com/2009/08/what-ways-can-i-get-rid-of-student-debt/comment-page-1/#comment-390 Lauren F Sun, 16 Aug 2009 12:33:37 +0000 http://www.student--creditcards.com/2009/08/what-ways-can-i-get-rid-of-student-debt/#comment-390 There are some programs in the Federal government where if you work for 10 years, some of your debt is forgiven. Some school systems offer this for teachers as well. There are some programs in the Federal government where if you work for 10 years, some of your debt is forgiven. Some school systems offer this for teachers as well.

]]> By: Amy http://www.student--creditcards.com/2009/08/what-ways-can-i-get-rid-of-student-debt/comment-page-1/#comment-389 Amy Sun, 16 Aug 2009 00:28:19 +0000 http://www.student--creditcards.com/2009/08/what-ways-can-i-get-rid-of-student-debt/#comment-389 Companies can not correct your credit report, and even then, a credit report doesn't absolve you of your debt. The only way to get rid of a loan is to pay it off. If it is a Govt. subsidized loan, you would still be responsible for it even if you filed bankruptcy. Get a job and start making payments. Companies can not correct your credit report, and even then, a credit report doesn’t absolve you of your debt.

The only way to get rid of a loan is to pay it off. If it is a Govt. subsidized loan, you would still be responsible for it even if you filed bankruptcy.

Get a job and start making payments.

]]> By: Johnny Ballgame http://www.student--creditcards.com/2009/08/what-ways-can-i-get-rid-of-student-debt/comment-page-1/#comment-388 Johnny Ballgame Fri, 14 Aug 2009 18:31:24 +0000 http://www.student--creditcards.com/2009/08/what-ways-can-i-get-rid-of-student-debt/#comment-388 There aren't really any proven 'shortcuts' to paying off debt of any kind, and there certainly are not agencies that wipe away your debt for free. Pay off your student debt as quickly and often as you can, beginning with the highest percentage rate debt. Make a budget for yourself every month and try to stick to it - contribute to a separate savings account if you need to and use that money to pay off debt. Try to stay away from credit cards so you can avoid compiling even more expensive debt. Its never a bad idea to work with your lender to try to set up a payment plan. A lot of what is happening in Washington should benefit people like you, and many lenders are now incentivised to work with their borrowers, so be professional, explain your situation, and ask for sincere help. There aren’t really any proven ’shortcuts’ to paying off debt of any kind, and there certainly are not agencies that wipe away your debt for free. Pay off your student debt as quickly and often as you can, beginning with the highest percentage rate debt. Make a budget for yourself every month and try to stick to it – contribute to a separate savings account if you need to and use that money to pay off debt. Try to stay away from credit cards so you can avoid compiling even more expensive debt.

Its never a bad idea to work with your lender to try to set up a payment plan. A lot of what is happening in Washington should benefit people like you, and many lenders are now incentivised to work with their borrowers, so be professional, explain your situation, and ask for sincere help.

]]> By: Ryan M http://www.student--creditcards.com/2009/08/what-ways-can-i-get-rid-of-student-debt/comment-page-1/#comment-387 Ryan M Wed, 12 Aug 2009 14:50:21 +0000 http://www.student--creditcards.com/2009/08/what-ways-can-i-get-rid-of-student-debt/#comment-387 Student loan debt cannot and will not disappear by paying some agency. That is a myth. That is the ONLY type of debt that cannot be discharged. There are some occupations that will allow your debt to be forgiven such as teaching, but you have to teach for like 5 years in a HORRIBLE neighborhood. Other than that, you MUST pay this back. This type of loan cannot even be discharged by bankruptcy. . Student loan debt cannot and will not disappear by paying some agency. That is a myth. That is the ONLY type of debt that cannot be discharged. There are some occupations that will allow your debt to be forgiven such as teaching, but you have to teach for like 5 years in a HORRIBLE neighborhood. Other than that, you MUST pay this back. This type of loan cannot even be discharged by bankruptcy.
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