Is College Right for You? Teehee

[KeptByTheWord]

I have a friend who has the same problem. She started out with a debt of $12,000. Now, because of falling behind on some payments, and because of penalties and fees... she owes close to $50,000 on that original amount of $12,000. It is a lifetime debt, never to be cancelled away.

I found out recently though, that the federal government does have some kind of plan where if you work in certain impoverished school districts for five years, your student loan debt can be cancelled, or reduced. I found out that this is why many of the teachers are working in a particular school district, because it happens to be one of those districts that qualify for the student loan reduction by the federal government. Otherwise, that school district would probably have very few teachers willing to work there.