How do i attempt to pay back a college loan from 20 years ago?
Question:
Answer:
Here is one thing that is helping me. There is a program that works with local grocery stores. You register your grocery card with their website and a portion of all the purchases go to paying off college.
Do you have any equity on your home? I would cash that out and pay off your debt.
Call the bank where you have the original loan and see what they can do to help you out. Tell them that you weren't aware that you still owed them money and they might cut you a break. All they can say is no.
Check around to see if can get a lower interest rate from a different bank.
I'm scared to ask how much you owe? You might want to consider consolidating, but do not accept a consolidation loan as a remedy when this is the trick of the loan companies to keep you in debt.
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