Where Can I Apply for Free Money to Pay Off My Student Loans? – Michelle

Michelle wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

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“Dear Steve,

I’m trying to figure out where I can apply for free money to pay off my student loans. I know this is a question that has been asked of you before. I’m just tired of thinking I’ve found ther right site, and it ends up that I have to pay for the information. You’re right, It’s definitely a scam. I just want to pay back the money that I owe to schools. My husband and I just had our first baby almost two months ago. I don’t want to still be paying back student loans when it’s time for her to start school; I sure also don’t want to be in complete debt when that times comes as well. Also, I am not working right now, and my husband works, but he does not make a lot of money. Please steer me in the right direction.

Where can I go or who can I go to in order to receive help in paying back my student loans? I have no job right now, and I don’t want to still be paying back money when myt 2 month old starts school!

Michelle”


The Answer:

 

Dear Michelle,

Congratulations on the new baby. Welcome to parenthood.

There is no free money to pay off student loans. There are some student loan forgiveness programs for teachers and doctors in disadvantaged areas but no money available for people not working in a specific field or area. Even then the requirements are onerous before some federal student loans will be forgiven.

The reason sites are asking you for money is BECAUSE IT IS A SCAM!

Big Hug!

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