Why Student Loans can Hurt Your Score
It is no secret that Americans as a whole are struggling to repay their student loans because higher education costs are soaring. Our world is changing, corporations have access to cheaper labor overseas, and technology and automation are advancing — this leads to lower salaries and less demand for human resources. In my opinion, higher education is bordering on ‘not being worth it.
The Solution
If you look in the right places, you will find a variety of options for repayment plans or even forgiveness of your student loans. There are various student loan forgiveness programs out there for people who work in certain fields, such as; education, public service, and other types of employment. Some state and local governments even help their debt-ridden graduates pay off their loans.
Forgiveness and Income-Based Repayment Programs are available if you know where to look and how to apply. These aren’t just for those crushed under six-figure student loan debt, but also for those looking for “free money” to help relieve the burden of their student loans. A great resource chalked full of information is available at http://StudentLoanHero.com
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