Today, the answer to that question is probably yes!
7 out of 10 graduates are now graduating with some form of student loan debt.
It often involves working and/or volunteering at a non-profit organization or providing a service that the government deems is highly beneficial to the society at large, such as teaching in an urban school.Examples of what may qualify a borrower include the following. They discuss everything from volunteering to listing charities and agencies that often participate.Eligibility - You must be enrolled at a school that participates in the school loan program, and meet the general eligibility requirements.How to apply -Complete the Free Application for Federal Student Aid or FAFSA.The government has decided that it will allow you to eliminate your entire student loan and other related debts that you may have incurred while at college.
This will be available if you will agree to put in some time into one or several of the following programs.There are a variety of government affiliated programs as well as non-profit organizations that can help you with repaying student loans.Below is a list of resources that are available to anyone that is currently in debt.Learn about the latest federal government student loan assistance program, known as income-based repayment, which is a plan that limits the monthly payments a borrower needs to make.The government has put into place a regulation that limits the payment to a percentage of the borrower's total monthly income.When you are exploring ways to pay for college, career, or technical schools, you may consider taking out a student loan—money you borrow to help you cover your education expenses and that you must pay back with interest.