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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 government’s civilian service corps.
“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 Obama’s public service czar.