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Welcome! Read the Rules

Started by TheCollegeInvestor, October 02, 2015, 10:43:04 am

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Welcome to The College Investor's Student Loan Debt Forums.

This is designed to be a place that anyone and everyone can find information and post questions about their finances - specifically their student loan debt, but in general, anything to do with money. I've always found it interesting how almost every aspect of money intersects, even when dealing with a subset of finance.

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I graduated 2 years ago & my student loans have reached 60,000. Now I currently work in the sales business at a funeral home. I can have a great month and I can have a terrible month .
My question to you is their any type of forgiveness that most students miss after college? I read about becoming a teacher for 5 years but Is their anything that I could do to cut my deb in half?

I feel like I will never be able to pay off the loan unless I enter the military.



There are two overlooked ways:
1. Earn more money
2. Enter public service

I'm a big believer that anyone who wants to can earn an extra $100 per month fairly easily. That's $1200 per year that could go to your loans. If you worked hard enough, you could easily pay down even more per month.

Next, any public service profession will get you forgiveness after 10 years. People over look a lot of public service jobs beyond teaching. Yes, the military is one, but so is public safety, working for your government officials in any field, being a preschool teacher, and more.


Student loan specialists are saying they can get me into the student loan forgiveness program since I am a teacher. There have a fee of 395 to start and then said they can get my large debt into 125 per month . Is this company a scam? They also say they charge a maintenance fee for filling out paperwork for you etc.  the company is based in California . Thank you!


The company name is student loan specialists and their website is .net


September 05, 2016, 04:20:55 pm #5 Last Edit: November 07, 2018, 06:58:05 am by AndreaT
They are misleading you. They want you to sign up for Public Service Loan Forgiveness, which is a FREE program. You can easily sign up yourself. And you should NEVER pay an ongoing maintenance fee. Yes, you have to fill out a form every year, but it's easier than applying for a job!

We have a short video training on PSLF here you might consider if you need help: https://thecollegeinvestoracademy.com/p/public-service-loan-forgiveness-training


I just joined the forum and read this thread first, it seems to be very helpful.