I am a 2yr college student. I have a couple of student loans amounting up to $15,000. I am at a loss as how to pay off the loans ASAP. I have gotten a part time job. Should I enroll myself into a loan forgiveness program? If yes, then how should I go about it? Can anybody help?
You can definitely enroll yourself in a loan forgiveness program. It is one of the most popular and convenient option for the students to free himself/herself of debt. These programs promise to curb all or some of your debts in lieu of some services like military services or volunteer work. You can check out this program to pay off your student loans.
I think this would be an excellent opportunity for you. It would also be a great way to relieve some of the debts acquired while trying to get your education. I would talk to your school and find out what you need to do to get this program started and working for you. Being a student is tough and can be expensive so why not take advantage of whatever possibilities that is offered to you? Good luck with the program and your education.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.