Are there any creative ways to remove/reduce a $20,000 federal student loan?
Essentially I have a student loan that I’ve accumilated while getting my B.S. in Computer Science. I don’t enter repayment until another month. I can make payments but I was wondering does anybody know any creative ways to knock off the debt. I know people’s student loans gets canceled all the time for different reasons. I read about cancelation procedures but nothing applys to me. I’m going for my master’s program as well. It states if your going back in school again they can’t continue to bill you for the loan amount. If you transfer the loan to other companies they often give credits off the loan. Is it possible I could just transfer the loan around other companes until it gets paid off LOL????
You could get a job as a teacher. People who teach in some inner city schools or schools on Native American reservations can have a portion of their student loan debt forgiven. Normally, you would be obligated to teach for 2 or 3 years in an underserved school. Since you have a B.S. in computer science, you could easily teach math at a high school.
Is the work challenging? Yes, but it’s also a rewarding experience because you will be helping those who need help most. Try asking your alma mater’s career services department or a big-city school district for more info.
