Student loans: 5 steps to pay down your debt
Student loans aren't far from your mind if you've graduated. Now comes the hard part: paying for the education that you’ve just completed. Where to begin? Collect all your loan paperwork and then follow these five smart steps to paying off your student loans.
2. Look for forgiveness
Loan forgiveness is definitely an option worth considering. There are many public service fields and some teaching positions that allow for loan forgiveness after working in the field for a period of 10 years. During the period you must make 120 payments on your loans after which the balance will be forgiven. You can also do volunteer work to pay down debt. AmeriCorps, the Peace Corps, and Vista all have programs that qualify for loan forgiveness.