Are There Any Solutions to Manage Educational Debt?
There are several strategies and programs available to help manage educational debt:
Loan Forgiveness Programs: Programs like Public Service Loan Forgiveness (PSLF) can help reduce debt for those working in qualifying public service roles. Income-Driven Repayment Plans: These plans adjust monthly payments based on income, making repayment more manageable. Scholarships and Grants: Applying for scholarships and grants can reduce the need for loans. Refinancing: Refinancing loans at lower interest rates can reduce the total amount to be repaid.
