Defaulting on college-induced debt can be a dilemma. You will have to get a grip on the type of debt, whether federal or private, and its terms. I suggest you contact the National Student Loan Data System, at www.nslds.ed.gov.
There may be some forgiveness programs for government workers and teachers, along with AmeriCorp volunteers and similar programs.
As a precaution, avoid heavy student loans. Do not go much further into debt than you may already have.
Tuition, room and board charges that total $100,000 and more in many instances can be an enormous impediment for any student or for parents. For those with several children to put through school, it can be the major obstacle for a comfortable retirement.
No comments:
Post a Comment