What Donors and Charities Help Pay off Student Loans?
Many graduates struggle to pay back their student loan debt. Read to learn about the different donors, charities, and programs that provide a helping hand in paying off student loans.
Student loan debt is one of the biggest issues facing many graduates. About 43.2 million Americans owe money on private and federal student loans. Those with federal student loan debt owe close to $36,406 on average.
If you’re one of those struggling with student debt, there are donors that pay off student loans. While charities that help with student loans are few and far between, there are some ways to get help with your debt.
Charities that help with student loans
Even though there aren’t a lot of donors that pay off student loans, there are a few organizations that can help you tackle that debt. Some of them require some sort of community service, while others are true charity.
Rolling Jubilee
Rolling Jubilee doesn’t just focus on student loan debt. They buy all sorts of debt, similar to a debt collector. They pay pennies on the dollar for loans that are unlikely to be repaid, and then, rather than coming after the debtors, they forgive the debt. (más…)