Are there any scholarships that pay for pre existing student loans?

Question

Are there any scholarships that pay for pre existing student loans? I am having problems paying off my student loans, is there any way I can obtain a scholarship that could help me pay them off?

Answer 1

Scholarships are going to go toward students who are currently in school. They may help you avoid having to take out as much in loans in the first place, but once you have the loans, you're pretty much stuck with them.



You will want to talk to your lender, because there may be options to help you cope, such as deferments, forbearances, or even extending your length of repayment. Your lender wants to help avoid you defaulting on your loans, so talk to them early and see what options you may have.

Answer 2

You want money, to pay off money, you used in the past?



Umm, no. There are programs to assist in paying with maybe working with lenders for deferment or reduce interest. But I know of no scholarship specially to pay student loans. Most scholarship would rather pay upcoming debt rather pay debt you did on your own.

Answer 3

properly, a pair issues to evaluate: some government jobs will pay off a definite quantity of your student loans (i.e. 5000 a year which you artwork for them) or will pay to place you thru bigger practise you are able to desire to get your undergrad relatively everywhere and purely score properly on your LSATs and get good grades on the state college then bypass there for regulation college your commencing revenues in all possibility won't additionally be fifty 4,000 so that's slightly unbelievable to believe which you will pay your student loans off in time whilst paying all your new residing fees so my suggestion is do no longer do it. that's no longer well worth it. in case you bypass to a much less prestigious college, you are able to artwork your way up the ladder using fact of who you're as a guy or woman: your force, intelligence, in case you're personable, etc. you probable might purely drown in loans and meet a team of wealthy snobs who've in no way lifted a finger of their life. there are various smart human beings accessible, yet regrettably they do no longer consistently have mommy and daddy to purchase them although they opt for.