Paying Off Student Loans

Most people are always looking for new & innovative ways to pay off student loans, but some of the well known ways aren't too bad either. The problem is most people aren't aware they exist.
By: Matt Mari
Feb. 28, 2011 - PRLog -- I'm sure you've heard that if you enlist in the military after high school if you serve a certain number of years the military will pay for you to go to college. The same applies if you've recently graduated college. If you enlist in the military & complete a set number of years with them you will qualify for student loan forgiveness of some (if not all) of your student loans. You may even be lucky enough to have the military pay for you to pursue higher levels of academia (master's degree, doctorate, etc.).

As I discuss at there are a number of ways individuals can pay off their student loans. It mainly requires you to stick with what you've chosen to do.

For example, if you choose the low income teaching route bear in mind you won't be paid much & if you have a lot of student debt in most cases doing this will only "forgive" around $6,000 of your student loan debt. But it is also a good way to start your career in the field if you can afford to live while not earning much.

No matter what you do though make sure you budget. If you make $3,000 a month & have $2,000 a month in bills, obviously you will not be able to pay $1,200 a month towards your student loans. So sit down & set a budget. Determine your monthly bills, how much you make & even include a bit for you to save away each month.

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