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Alternative Ways to Pay off your Student Loan Debt

Posted by on Jul. 12, 2010 at 11:02 AM
  • 1 Replies

http://www.huffingtonpost.com/2010/07/12/alternative-ways-to-pay-o_n_642655.html#s109573

For unemployed, underemployed and employed college graduates staring at mountains of student loan debt, here are some ideas to get a jump-start on repayment. You may not make a mint from some of them, but every little bit helps. Chime in with your own idea in the comments section.

Video Game Coaching - Remember all those times your mom said you were killing brain cells from playing video games? No more! Video game coaching is a real business -- and some of the most popular video game coaches get paid $65 per hour.


Clown Around - Stuck in debt? Just put on a big red nose, work some kiddie birthday parties and you may be on your way back to financial solvency.


Donate your Eggs - Egg donating has grown in popularity over the past few years, and it's not hard to understand why -- donors get $4,000 to $10,000 per cycle.


Start a Web Service - Got a great idea for an online web series? Pitch it to Next New Networks, and you might get your own web TV show. The more hits you get on your videos, the more money you make.


Cyber Begging - If you're broke and your parents are getting tired of supporting you now that you've graduated, fear not -- you can still beg for money from total strangers online. Cyber-begging is growing trend in which you create a web page and reach out to generous people with money to spend -- on those who need help paying off their debt. Sites like SponsorMyDegree.com specifically help college students make a dent in their loans. Results vary.


Pet Modeling/Acting - You can make some decent bank simply by bedazzling your dog or cat as a pet model. You could even get Fluffy into a movie, and make up to $50 to $300 a day if they make the cut. Of course before any money comes in, your animal will need to hit puppy star boot camp for training.


Make Balloon Animals - In tough times like these, you have to get creative sometimes to make ends meet. A woman in Miami, FL started a business selling animal balloons in order to pay off her mortgage, which is now mostly paid off AND she makes as much as $250 an hour. Believe it or not, there are seven different books on the balloon vending business. Startup costs are minimal: balloons and a hand pump might set you back $10-$15.


Stock Photos - Even if you're not a professional photographer, you probably took some photos you thought were pretty good. Through micropayment sites like Microstock, you can sell individual photos for $1 to $5 each and watch your how you do by the hour.


Flee the Country - While we don't recommend leaving the country to run away from your debt, many college graduates are heading abroad for actual paying jobs.


Add your ideas :) 

by on Jul. 12, 2010 at 11:02 AM
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Joqui
by Joqui on Jul. 12, 2010 at 11:06 AM

 I was looking at the gamer lessons site but they don't have nothing where you can apply.. my brother needs a job and he doesn't really look for one.. he just plays games all freaking day from the moment he wakes up (8 am) then he takes a break and goes to school (10-12 pm) then he comes home and plays again (12:30-11pm)... the dude pauses to pee and eat... yea and he's 19 going on 20 ... sigh...

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