Save Money Today on Your Student Loans
Is your current bank “good on paper” but not-so-great in person? Even though many banking transactions can now be completed online, that personal touch still matters.
Whether you’re looking to secure a loan, deposit a check, or investigate a questionable charge, being able to interact with knowledgeable, genuinely helpful bank associates can make your life easier. It can also help get you on the right track for shoring up your financial future.
You may think you're drowning in student loan debt if you owe more than the average of $37,172.
But in fact, there are relatively common cases of doctors, lawyers, and dentists whose $300,000 debt make your debt seem miniscule. For example:
Banking on the Public Service Loan Forgiveness program? It has been considered one of best chances for a college graduate to get their debt cancelled. But newly released data suggests it's far from a shoe-in. Apparently, 99% of applicants to this government program have been rejected.
So if you're hoping to get your loan discharged, you may want to keep your options open to other possibilities. That's where state programs come in.
If you live in Indiana, you may qualify for a student loan forgiveness program just for people who live in your state: the Richard M. Givan Loan Repayment Assistance Program Scholarship.
This program is designed to encourage lawyers to work with nonprofits that serve low-income clients. How it works: Attorneys at these organizations are offered forgivable student loans. This removes the barrier to accepting a job that may not come with the salary necessary to pay back law school loans.