Saturday, February 14, 2009

Federal Student Loan Forgiveness

If you feel like your federal student loans are just too much to handle then one alternative that you might want to look into would be loan forgiveness.

The idea of loan forgiveness is that you return a favor to the government in order for them to reduce or get rid of your debt. There are a few ways that you can do this, depending on how interested you really are.

One way is to do service with programs like the Peace Corps or AmeriCorps. Another way would be to do military service. If you are a doctor or a teacher there are also some federal student loan forgiveness programs for you too.

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