Sometimes you can take out a student loan and not have to pay back any of it. This sounds too good to be true and that is probably because it is. Yo have to do some work but not the traditional kind. You borrowed money form the government so they want something from the deal too, you would be the same, right? There are lots of kinds of jobs that you can do to pay back your student debt without physically paying back the money.
Peace Corps
- The Peace Corps is a civilian organization that is sponsored by the United States government that helps developing countries who are less fortunate than we are. You can sign up to help this cause and because you are helping them they will cut some of your student debt away. I think it is a great experience to do this because you get to humble yourself and work for someone else which can teach you great lessons when you are young.
Exceptional Circumstances
- If you are under some exceptional circumstances the you may be forgiven your student loan, probably all of it. These really do have to be extreme though like becoming disabled or having to file for bankruptcy. You may find that some organizations will reduce your payments for a while if you are struggling financially. Make sure you talk to them constantly because lots of people avoid talking to their bank because they are scared but you need to sort something out or they will just file for a meeting in court. I speak from experience there.
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