by 3 hours ago
ANSWERS: 10
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Pay it. Consolidate it. File bankruptcy.
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The short and sweet answer above gets the point across nicely. However, depending on your career choice, you may have other options. There are some service careers which will eliminate some or all of your student loan debt. For example, teaching in a low-income school will, in many states, qualify you for partial loan cancellation. The same goes for entering the Peace Corps (or at least it did as of a few years ago). Please do not teach in order to get rid of your loans, though -- you and your students will both be miserable.
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Whatever you do be careful of them. There are many ex-students that are being unfairly harrassa=ed by them due to the incompetence of the SLC who send vital forms to wrong addresses and when they do not receive answers put in a debt collection company that are akin to the Mafia. My advice is be very careful.
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This is a very serious question that ought not to be downrated but taken notice of the implications!
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If you're in the UK, just ignore it and it'll go away.
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pay it off. it takes forever but you can get them to work with you.
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The word "eliminate" would suggest that it be paid to zero. My suggestion depends on specifics of the situation, but in general: IF YOU HAVE GOOD CREDIT: Do a balance transfer for your student loan to put it onto a card. You can either take the 0% teaser rate and transfer to another 0% card OR you can transfer to a card with a fixed APR for balance transfers. You can consolidate ONCE to another rate, but the rate you get depends on your FICO score. I would honestly go the other route because the credit card debt would then be unsecured. (The government can garnish your wages and you cannot discharge even PRIVATE student loans in bankruptcy.) You can also pay off the student loan if you qualify for a HELOC (home equity line of credit), but this then puts your house on the line.
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Pay it off. It's not going away. It's probably the cheapest interest loan you have, so appreciate that and pay it down. I took 8 years to pay mine.
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What ever you do; do not consolidate. If you do; you will not be able to reduce your payment in the future. In short pay it.
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By paying it
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