Education Degree Help

Well, consolidating your loans may be an option, but it simply gives you a different loan with different terms and a longer repayment than what you probably have now. And consolidation interest rates are no longer the bargain they were even a year ago. Look carefully at them before you leap.

Have you looked at income contingent repayment structures for your debt? If not, contact your servicer(s) now about this.

Loan forgiveness is generally associated with public service employment–teaching in low income areas, or teaching math and science in underserved areas, or by being part of Americorps. Again, contact your servicer, but you may find, to your regret, that you have overborrowed and are in repayment for the long haul or must commit to teaching for a number of years. Depending on your age, situation, and plans, you could also consider some of the military options where the Army, as well as a couple of other branches of the service may pay your loans for you while you are enlisted. But, and YMMV, if you don’t want to serve your country, this is not the option you want to explore and commit to.