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Top Ways to Pay Off Student Loan Debt

Top Ways to Pay Off Student Loan Debt

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Are you looking for ways to pay off student loan debt? or looking for ways to side hustle to pay it down?

or  If, so you are in the right place! My current motto is…


I have come in contact with so many people who are currently drowning in student debt and looking for ways to escape it and get out.

Did you know Americans owe nearly $1.3 trillion in student loan debt!  In fact, the average class of 2015 graduates had over $35,000 in student loans.  Like many, throughout my undergrad and graduate studies, I signed up for student loans to help pay my college tuition and to help assist with the cost of living while in school. But, soon after I graduated grad school, I realized that I had gotten myself into a lot of debt and I was stuck with paying it off.

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“Debt is a temporary fix;  it takes away the problem for a short period time but the problem is still there just covered up.”


 Soon after graduation, I knew that I needed to take control of my financial situation and set a goal.  The first thing I did was study different ways people paid off student loan debt and I also studied the different loan forgiveness programs.

A lot of people are not aware of the different student loan forgiveness programs and what they qualify for but it wouldn’t hurt to check them all out.  In certain situations, you can have your federal student loan forgiven, canceled, or discharged.  

Below are a few student loan forgiveness programs that have helped a lot of people with paying off their student loan debt- including me. Also included below are additional ways you pay down your student loan debt. 

Top Ways to Pay Off Student Loan Debt

1.Public Service Forgiveness

If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness Program. With the Public Service Forgiveness program, borrowers may qualify for forgiveness of the remaining balance of their direct loan after they have made 120 qualifying payments on the loans while being employed full time by certain public service employers. Check out more on The Public Service Forgiveness program HERE! 

2. Teacher Loan Forgiveness

Under this program, if you teach full-time for five complete and consecutive academic years in certain elementary and secondary schools or educational service agencies that serve low-income families, and meet other qualifications, you may be eligible for forgiveness of up to a combined total of $17,500 on your loan. Find out more about this forgiveness program  & Eligibility Requirements HERE! 

3. Hardship Forgiveness

Below are different Hardship Forgiveness programs that will help cancel out your student loans.

  • Bankruptcy Discharge: This is not an automatic process—you must prove to the bankruptcy court that repaying your student loan would cause undue hardship.  The court uses this three-part test to determine hardship:  If you are forced to repay the loan, you would not be able to maintain a minimal standard of living. There is evidence that this hardship will continue for a significant portion of the loan repayment period. You made good-faith efforts to repay the loan before filing bankruptcy (usually this means you have been in repayment for a minimum of five years). Check out more information HERE! 


  • Closed School Discharge  If your school closes while you’re enrolled, and you do not complete your program because of the closure then this discharge would you apply to you. Any federal student loan obtained to pay your cost of attendance at that school could be discharged.  Check out the requirements HERE!


  • False Certification Of Student Eligibility Or Unauthorized Payment Discharge You may be eligible for a discharge of your Direct Loan or FFEL Program loan in these circumstances: For more information click HERE.


  • Total and Permanent Disability (TPD) Discharge This discharge is intended for individuals who have a total and permanent disability (TPD) as defined in federal regulations.  Find out more HERE.


Also, check out GIVLING which is a website where you can earn money toward your student loans by answering trivia questions! Pretty cool, huh?


Check out more Student Loan Forgiveness programs below..

Additional Student Loan Forgiveness Programs!

Also, check out the student loan database here!   You will be able to search for different state student loan forgiveness programs.

Make sure to do more research and see which programs you may qualify for. 

There you have it– Top Student loan forgiveness programs to pay down student loan debt and 3 ways you can side hustle to pay it down!



Additional ways to make extra money to pay off debt:

  1. Surveys

About a year ago I started looking into different survey sites to make extra money and some of the ones I found turned out to be AMAZING!!!.  While working a full-time job I was able to make extra money and gift card rewards from different survey sites daily.  Last year I was able to pay for a lot of debt with the help of survey side hustles! Some of my favorites ones are


It’s best to sign up for as many as you can to make the most money. They are all FREE to sign up for and you can start making money right when you sign up! 

2. Write Online

Recently, I researched a ton of companies that actually pay bloggers to write for their websites. Pretty AWESOME, right?  Writing for other companies online is a great side hustle that you can do to make extra income. Oh, and you will be doing something that you love- writing! Some of my favorites places online are Listverese, Hubpages, Money Pantry, Her View From Home, Knowledge NutHowlRound, & Doctor of Credits

3. Tutor Online

How cool is teaching online?– pretty cool! As a former substitute teacher, I was thrilled to find out about the different education based­ work from home jobs. The great part about it is that you can do it in the comfort of your home. Below are different ways to make extra money in the education field online. My faves are Berlitz, Cambly, & PrepNow.

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Wednesday 3rd of March 2021

Is it possible to settle private student loan debt with a lump sum payment

Latasha Peterson

Tuesday 27th of April 2021

Hi Tyese,

It really depends on the company that has your loan. Make sure to call them to see if there is an option for a lump sum payment. Hope that helps.


Wednesday 10th of August 2016

I love seeing posts likes this! My husband and I both have racked up HUGE student loan debts in grad school, and there was a time I thought it would busy us. More people need to know about these types of opportunities!


Tuesday 12th of April 2016

Great resources mentioned here! While I don't quality for student loan forgiveness, it's important for others to take advantage of these programs for student loan relief if they qualify.


Thursday 21st of April 2016

I totally agree, Chonce! I think it's very important for other to take advantages of these programs as well..

Latoya @ Life and a Budget

Wednesday 20th of April 2016

I agree, Chonce! It would be nice if more types of forgiveness programs were available, especially for those in need who don't want to resort to extreme measures.

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