Student loan forgiveness does not fit every borrower, and waiting around for a cancellation program can leave a balance hanging over your finances for years. If forgiveness is not available, the debt still has an exit door. You can attack the balance directly, change the loan’s structure, use workplace benefits, or create a temporary burst of cash specifically for the debt.
The smartest route depends on the loan type, interest rate, income, and how much flexibility exists in the rest of the budget. Federal and private loans also play by different rules, so the first step involves figuring out exactly what sits on the other side of that monthly payment.
