Considering that most college students will end up with a large debt after graduating from college, it would benefit you to look into careers that offer college loan forgiveness. These forgiveness programs are usually associated with public services but not always. Your debt is forgiven over a period of time with a percentage deducted from your balance each year.
There are 7 careers that offer some debt reduction to total forgiveness of all of your debt. College education has become so expensive that most college graduates are moving back home with their parents because they cant afford to live on their own. The total debt for student loans at this time is between $902 billion to a trillion dollars.
This is only going to get worse if something is not done to put a cap on the cost of education. The money that these students are borrowing is taking anywhere from 10 years to 20 years to be repaid. These 7 careers that offer partial forgiveness to full loan forgiveness are worth your time to investigate the possibility of pursuing one of these majors in order for you to save thousands of dollars.
If you would like to save thousands of dollars by having your college loans partially or totally forgiven, then it would benefit you to research these opportunities.
Most of you applying to college and attending college are not thinking of your long-range goal, which is to be financially independent from your parents. If you burden yourself with $20,000 to $50,000 worth of college loans, you will have no choice but to return home after college to live with your parents because of your personal debt. With the current economy, I strongly advise you not to saddle yourself with a huge debt but if you do, at least consider a major in the career field that offers college loan forgiveness.
If you are interested in getting more information on careers that offers college loan forgiveness, click on the link below that may be able to save you thousands of dollars.
www.collegeadmissionsandfinancialaid.com copy and paste if the link is not alive
Leonel R. DaRosa, M.Ed.