1. Your employer
“About four percent of employers now offer student loan repayment assistance, or LRAP programs, for their employees,” said Kantrowitz. PricewaterhouseCoopers and Fidelity have established programs, for example.
Finding a private-sector employer who offers an LRAP may be your best bet if you don’t qualify for forgiveness under another program.
2. Make your own de facto student loan forgiveness program
How? Simply make extra payments toward your student loans on your own.
This is especially important to consider when evaluating job offers. Let’s say one company pays less but offers an LRAP. The other company pays way more, but maybe doesn’t offer an LRAP. Tally up the value of the program: You very might well be able to get out of debt faster with the higher-earning job by making extra payments yourself, rather than relying on a potential employer’s LRAP.
Student loan forgiveness and repayment programs can help unshackle you from a mountain of debt. But, you don’t have to wait for the ability or permission from someone else to start paying your loans off early yourself.