Sallie Mae Americorps?

Q: As one who is so indebted in student loans that I can never afford to die, I wonder . . . . I won't go into my tirade about the financial industry or the spiral created by private student loan availablity or my preference for grants and fellowships,

A: It's a good thing. In general, students are a risky loan so without subsidies, loans would be hard to get and of higher interest. Without the loans (an investment in the future), many gifted people would not benefit from higher education and all people

to take out your loan from a federal lender as opposed to a private one like Sallie Mae, she continued, apparently auditioning for the role of ...

What is free?

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CNN Touts Civilian Service Corps As Way Of Shedding Student Debt

CNN has some advice for any former students now saddled with excess debt carry out a decade of social work or join the ranks of the governments civilian service corps. CNN business news correspondent Stephanie Elam put on the hard sell for government service to viewers of Newsroom. This is really about helping those people out, getting them ready as far as the choice for best course of study for the financial future, Elam told viewers. So you may consider the possibility of enlisting in public service. Demand is really high right now for government jobs and any remaining debt on federal student loans will be forgiven after you work full-time in public service for ten years. Elam continued. But to get this benefit, you need to take out your loan from a federal lender as opposed to a private one like Sallie Mae, she continued, apparently auditioning for the role of Obamas public service czar. CNNs national public service broadcast continued as Elam then touted AmeriCorps and the Peace Corp service: Theyre not going to forgive your loan, but if you do have service that you provide to AmeriCorps, you will enjoy loan forbearance, and what that really means is you wont be have to make any payments while youre serving, and AmeriCorps volunteers are also eligible for an education reward for $5350, the anchor said. Elam then added four full years of Peace Corps service will equal a 70 percent cancellation of an existing Perkins loan.