By Kevin Ihrig 
If you need student loan help because you are drowning in student loans from college, you'll find some ideas here. You'll find a bonus second method right after it with solid tips in case you don't like the first one. And what with all the federal bailouts, students could use some help, too. Especially those students who borrowed more than they should have. Here you have one of the best, quickest and craziest ways to get rid of that student loan debt or consolidation loan you've ever seen. This method won't necessarily be your first choice, but read on.
Super Fast Student Loan Help Method: Credit Swaps
Many Wall Street high rollers used credit swaps, now you can, too. Get as many credit cards as it takes to payoff your student loans. Don't charge anything on them! Nothing! Until you have enough to pay for all of your student loans. Once you have enough, take out cash advances on your cards or just use the little checks they send you. Pay off your student loans as fast as you can get cash advances. You have to do it all at once, or you'll have more payments, more debt, and more problems. Voila! No student loans! Now you can declare bankruptcy like everybody else.
Possible Flaws in the Method
Perhaps you can see the flaws in this method. First, using a loan to pay off a student loan may not be the best idea. If you don't get enough new credit, you will definitely have double the loans. Borrowing more money, you have to agree, is probably the worst way to get out of debt you can find. Last, you may have noticed that for this method to work, you have to declare bankruptcy. That will haunt you for years, and who wants to be haunted? Okay, not the best way to get student loan debt help. Let's consider some other options.
More Options
If you are like most people, you have between $10,000-$30,000 of student loans. About $19,000-20,000 is average, by the way. You could look at it like a car loan, but instead of a car, you have a cool, sleek diploma.
- If you have a great job with beau coup extra money, just pay it off.
- You can move to a smaller place, send you extra money to pay down your student loans or consolidation loan.
- You can stop putting money in your 401K or IRA, if you still are, and pay off your student loan. Sounds drastic, to stop contributing, but if you need to pay off a loan, it works.
Paying off loans can really put a crimp in your life. On the other hand, getting rid of one by discharging your student loan feels great and puts on more solid footing.
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