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Kelly from Renton, WA
By Carol in PA (Guest Post)
09/23/2008
My kids made double payments to cut down on interest paid. If your former student can make two payments a month, it would not only take half as long to repay but cut interest in about half or more depending on how its compounded. If two payments per month arent possible, try one and a half payments per month. Even ten extra dollars per month paid on a loan adds up in the long run.
Go to the library and read books by Suzie Orman. Best of luck
By crazyliblady (Guest Post)
09/22/2008
I know that there are certain ways that people can get at least part of their student loans forgiven. These are the resources I know of. Hope this helps.
Cancellation/Deferment Options for Teachers
http://studentaid.ed.gov/PORTALSWeb ... glish/teachercancel.jsp?tab=repaying
Teach for America
http://www.teachforamerica.org/frie ... fety_basics.htm#paying_student_loans
Peace Corps
http://www.peacecorps.gov/index.cfm?shell=learn.whyvol.finben
FinAid
http://www.finaid.org/loans/forgiveness.phtml
Federal Student Loan Forgiveness
http://www.staffordloan.com/repayment/federal-student-loan-forgiveness.php
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