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Matthew Lesko Talks About Free Money for School. Where Do I Get It? – Jessica

“Dear Steve,

I have my BS in marketing and my MAT in early childhood education. I never could get a job in marketing so I went back to school for my master’s. I have accrued quite the student loan debt. We’re probably looking at around 60-80,000.

Well, I got married and became a stay-at-home mom. Well, now my husband wants a divorce which will leave me unemployed and saddled with all of this debt. My loans are currently in forbearance because he just graduated in May so we haven’t had any money to pay on them. I feel like I am drowning in this debt, and I’d just like to see a life preserver even far off into the distance.

Are there any loan forgiveness programs for single moms? I know some states have programs for teachers, but that isn’t going to help me right now.

I know Matthew Lesko talks about free money. Do you know of any such programs?


Dear Jessica,

The funny thing here is that Matthew Lesko had a child in high school where my daughter went so I happen to know the guy. He is the grandfather of all the free money proclamations out there.

The best place to go for a check of what benefits you might be eligible for is I think their online tool is the best out there for identifying benefits, including education help, that might be available.

But hopefully your student loans are government backed and not private student loans. If they are government backed then there is a great program you can take advantage of, it’s the Income Based Repayment (IBR) program.

Please post your responses and follow-up messages to me on this in the comments section below.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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