Can I Use Scholarships To Pay Off Student Loans?

A reader has a novel idea for paying back those loans.

Question: Are there scholarships/grants to pay off student loans (besides teacher loan forgiveness and other government programs)? Can I apply for a college scholarship and apply it to my loan debt?
— Elyse in Virginia

Howard Dvorkin CPA answers…

After getting some information from you, Bill, I figured out the discrepancy: Your girlfriend took out government loans, while you have a substantial number of private loans. Why does that matter? I made this video to explain the differences…

We partner with companies that offer all sorts of debt-related services, and they must abide by our Code of Ethics. When you call us at 1-800-810-0989, one of our experts matches you with a company best suited to help you. It’s worth the call, because while the options can be complicated to navigate, the savings can be huge.

Have a debt question?

Email your question to editor@debt.com and Howard Dvorkin will review it. Dvorkin is a CPA, chairman of Debt.com, and author of two personal finance books, Credit Hell: How to Dig Yourself Out of Debt and Power Up: Taking Charge of Your Financial Destiny.

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About the Author

Howard Dvorkin, CPA

I’m a certified public accountant who has authored two books on getting out of debt, Credit Hell and Power Up, and I am one of the personal finance experts for Debt.com. I have focused my professional endeavors in the consumer finance, technology, media and real estate industries creating not only Debt.com, but also Financial Apps and Start Fresh Today, among others. My personal finance advice has been included in countless articles, and has appeared in the New York Times, the Washington Post, Forbes and Entrepreneur as well as virtually every national and local newspaper in the country. Everyone should have a reason for living that’s bigger than themselves, and besides my family, mine is this: Teaching Americans how to live happily within their means. To me, money is not the root of all evil. Poor money management is. Money cannot buy happiness, but going into debt always buys misery. That’s why I launched Debt.com. I’m glad you’re here.

Published by Debt.com, LLC

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11 Easy Ways to Spot a Get Out of Debt Scam

11 Easy Ways to Spot a Get Out of Debt Scam

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11 Easy Ways to Spot a Get Out of Debt Scam

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Howard Dvorkin CPA answers…

Have a debt question?

About the Author

Howard Dvorkin, CPA

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Contact us at 1-800-810-0989

Congratulations, !

What can we help you with?

Tell us how much you owe.

What problems are you having with your credit report?

What is the status of your payments?

What type of tax debt do you have?

What type of student loans do you have?

Are you currently enrolled in a payment program with the IRS?

What is the status of your loans?

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Provide a few details about yourself so we can set you up with a debt specialist.

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Provide a few details about yourself so we can set you up with a student loan specialist.

Provide a few details about yourself so we can set you up with a credit repair specialist.

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