The only thing I've heard of is teaching jobs in certain poor communities. I don't know the details, but I've heard there are programs like that where you can pay off your loans. Beyond that, I don't know how much you make at your current job, but I met a lot of people in Korea who were teaching English to pay off student loans (standard contracts at the time were over $2000 per month plus free housing).
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Any programs that can help me pay back my student loans?
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Originally posted by Nodogoshi View PostThe only thing I've heard of is teaching jobs in certain poor communities. I don't know the details, but I've heard there are programs like that where you can pay off your loans. Beyond that, I don't know how much you make at your current job, but I met a lot of people in Korea who were teaching English to pay off student loans (standard contracts at the time were over $2000 per month plus free housing).
I've been around 70-100 South Korean kids for about 2 years time and I've only met 3 exceptions so far.
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Get a job like the rest of us, use part of your pay to cover the monthly on that loan for the next 20 years. Unfortunately in your case the easy way is the hard way...or join the military. I work 14 hour days 6 days a week as a F & I manager and make 6000-12000 monthly and I still make the minimum monthly payment on my student loans. I owe 21000. Just deal with it.
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Funny I just made an essay on the economic crisis in the U.S. and student loans, paying them back, students in debt $50-250k while in school, students with Bachelor's and Master's degree who can't get jobs out of college. And how you have to pay the student loans back in 6 months after graduating. But jobs do not hire you that fast, especially if you have 0 experience. As a result, students are reluctant to take out student loans, they're afraid. But you HAVE to take out student loans, there's no way around it. I will be taking out student loans if I go to UAlbany in a couple of years. There's just no way around it. Until then, I will avoid federal loans for as long as possible. But I know i'll need it soon, college is not cheap.
BTW, what was it a subsidized or unsubsidized loan? And was it a Stafford Loan?
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Originally posted by spyvsspy View PostGet a job like the rest of us, use part of your pay to cover the monthly on that loan for the next 20 years. Unfortunately in your case the easy way is the hard way...or join the military. I work 14 hour days 6 days a week as a F & I manager and make 6000-12000 monthly and I still make the minimum monthly payment on my student loans. I owe 21000. Just deal with it.
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Originally posted by -Kev- View PostFunny I just made an essay on the economic crisis in the U.S. and student loans, paying them back, students in debt $50-250k while in school, students with Bachelor's and Master's degree who can't get jobs out of college. And how you have to pay the student loans back in 6 months after graduating. But jobs do not hire you that fast, especially if you have 0 experience. As a result, students are reluctant to take out student loans, they're afraid. But you HAVE to take out student loans, there's no way around it. I will be taking out student loans if I go to UAlbany in a couple of years. There's just no way around it. Until then, I will avoid federal loans for as long as possible. But I know i'll need it soon, college is not cheap.
BTW, what was it a subsidized or unsubsidized loan? And was it a Stafford Loan?
Never heard of that.
I remember my loan payments being manageable and my interest rate was reasonable whatever crap job I had to work at.
It took a while to pay off but then again so does every other loan you have later in your life when you go onto big boy expenses.
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Well down here in Louisiana if you are teacher at any school for 5 years.. Then the school or state pays off any loans that you have.. I think it's a federal thing for every state.. Especially down here, u can work for the state with an associates degree and make the same amount as a BA person, but the catch is they gonna send you to school while u make that money.
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Originally posted by The_Bringer View PostI don't know about programs, but there are these things called "jobs" where a company hires you and pays you for your services. It appears you have one, so I'm not sure why you can't pay a little on the loan every month, even if it's a minimal amount. Instead of going out to eat or out to a club, put that money towards paying off your loan. Short term sacrifice = Long term gain.
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Originally posted by The_Bringer View PostI don't know about programs, but there are these things called "jobs" where a company hires you and pays you for your services. It appears you have one, so I'm not sure why you can't pay a little on the loan every month, even if it's a minimal amount. Instead of going out to eat or out to a club, put that money towards paying off your loan. Short term sacrifice = Long term gain.
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The guy was just asking a question.
Of course he should've known better than asking on here. Naturally he'll only get a bunch of condescending answers.
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