Creative Ways To Pay Off Student Loan Debt

Student loan debt, mortgage, credit card debt.. it all adds up!  In this day and age graduates all over the United States have some form of college debt.  With interest rates and minimum payments as high as they are, a lot of people get discouraged and feel beat down.  I decided to do some research to find unusual ways others have paid off their student loan debt.  Here are the top 5 ideas you won’t want to miss out on!

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#1 Givling App

Recently as I’ve searched the web I came across Givling, an app that will actually help you pay off debt!


How it works is you get paired with two other teammates and everyone answers trivia questions.  If you answer a question correctly your team earns points.  Everyone gets 2 free plays a day.  You can also purchase extra plays for as little as .22.  You also earn points by watching ads and inviting your friends to play trivia on the app!  So far Givling has paid off student loan debt for 20 people, up to $50,000 EACH.  What other apps do that?!

Givling is absolutely worth checking out.  And while you’re at it, here’s my invite code which will help you earn extra points: BT494972

And as always let me know how you like the app!

#2 Refinancing

SoFi has amazing rates and can save you thousands when you refinance your student loan.  There aren’t any catches, which means no hidden fees or surprises and they make it easy to apply.  Credit scores of 650 or higher can be approved for refinancing.  They offer low and fixed variable rates.  In the end, you could save some serious money with SoFi’s lower interest rates!

 #3 Get a Side Hustle

You can create a side hustle out of almost any hobby your have!  Dog walking, freelance writing, editing, etc.  Some great websites to check out for freelancing opportunities are Upwork and Fiverr.  Pick up extra hours at a temp job, babysit, pet sit, sell items on Etsy, etc.  Use your weekends to your advantage!


#4 ChangeEd

Another app for the win!  ChangeEd makes it easy for you to put aside extra money towards your debt.  First they analyze your spending.  If you go buy a cup of coffee for $2.45 and they send .55 to your FDIC Insured ChangeEd account.  Once that account reaches $100 they send it off to your lender as a loan payment.  This is a really great way to pay down your loan!



#5 Loan Forgiveness

  • Public Service Loan Forgiveness
    • This is available to government and non-profit employees with federal student loans.  Borrowers who are eligible may have their remaining student loan balance forgiven after making at least 120 on-time payments.  Eligible employers are any type of government organization, non profits, AmeriCorps or Peace Corps, other types of organizations that are not 501 tax exempt.  You must also be working full time with your eligible employer.  Interested in this program?  Reach out to your loan servicer to confirm you qualify.
  • Teacher Loan Forgiveness
    • Teachers who are employed full time in lower-income public schools can be eligible for forgiveness after they work for five consecutive years.  To obtain this type of forgiveness you will need to make sure your school is eligible.  The amount you’ll be forgiven depends on the subjects and grade levels you teach.  Fill out Teacher Loan Forgiveness Application and submit it to your loan servicer at the end of your fifth consecutive teaching year.


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