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What are my options to pay off my private education loans?

asked by Lbsurfer (13)

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Tags:  debt  education

answers

Most loans offer prescribed repayment plans. You also have the opportunity to consolidate them into another private, or possibly government-sponsored subsidized loan. Discussing your options with your loan provider, or with the department of education would be a good place to start.

6 votes

Private student loans are the worst of both worlds. They are not dischargeable in bankruptcy, but have none of the protections or payment plans required for federal student loans. Your options will vary with your lender, but they are not required to offer a lot of choices.

reply
posted by John (7835)
5 votes

Some options are: 1. You can have the loans cut in half if you join the peace corp. 2. Also teaching at underprivledged schools can do the same.

3 votes

Right now I am studying with the help of Education Loan. It is big amount that why side by side I have to work 4 hours part time job.

2 votes

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