Tuesday, June 26, 2012

How To Reduce Or Eliminate Your Student Loan Balance

It isn't easy, but some federal student loans can be forgiven

By Mark Huffman, ConsumerAffairs.com

Crushing student loan debt is a growing threat to the economy. The Consumer Financial Protection Bureau reports total student loan debt in the U.S. now exceeds $1 trillion, placing a huge financial burden on new graduates.

New education programs warn students and their families of the dangers of running up college loan debt, but what about the millions of former students already struggling to make payments?

Student debt doesn't have to be a lifelong burden. It turns out there are ways to reduce or eliminate that debt, but it takes time and you must meet certain criteria. But for graduates with federal student loan balances the size of a home mortgage, the student loan forgiveness programs may offer hope.

Read the entire article here.

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