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Can student loans be forgiven?

In the event s the sudent ​loan cant be payed back fullt​y #college-student

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Thank you comment icon Unfortunately, no. Even if you go bankrupt the loans will still be there. Kiara
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Dr. Kelly’s Answer

There are helpful government initiatives and other programs that can assist individuals in consolidating their debts, which in turn can help improve their credit ratings. Typically, when you take out a loan for any product or service, including education, it's important to remember that these loans don't just disappear. I've found that every university I've attended offers financial counseling, which includes an understanding that the borrowed money must be repaid. Sadly, I've seen friends struggle to finance housing or vehicles after graduation, as they're already burdened with educational loans.

If you're yet to take out any loans, I'd suggest looking for an employer that offers a fantastic education program. Some companies provide tuition reimbursement for out-of-pocket expenses, while others will directly bill the employer. Companies like Disney, Amazon, Raytheon, and Starbucks all have different types of programs. Likewise, many job advertisements highlight this as a benefit to attract potential applicants. Another way to avoid taking out a loan is to apply for scholarships or grants. If you focus your search locally, you'll generally find less competition. These scholarships or grants don't need to be repaid and have different application requirements. Finally, consider only taking the number of credits that align with your out-of-pocket expenses for the term. If you're aware of your budget for the term, you could ask the business department to provide a financial breakdown of how many credits/fees will align with your budget.
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Arthur’s Answer

Great question!!! First check to see what funding options are available to you besides the tradition student loan. Check on grants, scholarships and other funding methods before loan. However, if this is the only option you want to look into fields that cover student loans.

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