Private student loan forgiveness is often promised, but the reality is far more complicated. Unlike federal student loans, which offer forgiveness programs for public service workers and income-driven repayment options, private student loans come with few—if any—paths to cancellation.

For millions of borrowers, this means struggling with high-interest debt that doesn’t qualify for relief. Private lenders, including banks and fintech companies like SoFi and Earnest, hold an estimated $130 billion in outstanding student loans, yet offer little flexibility when borrowers face financial hardship.

While some borrowers use private loans to fill small funding gaps after maxing out federal aid, others take on massive debt—sometimes exceeding $200,000—without the same safety nets. If you’re looking for a way out of private student loan debt, understanding the limited options available is critical.

Here’s what you need to know about private student loan forgiveness.

Going through college is tough. It’s even worse when you have the burden of student loan debt, which a majority of college students do.

After graduation, the average student loan borrower faces a debt of over $39,000. When you’re trying to get through college, start your new adult life, and find a decent job, the stress of paying off student loans can be a lot to handle.

This stress can often lead to depression and, in some cases, suicidal thoughts.

Find Other Places To Invest Now That RealtyShares Is Closing

You’re probably thinking, “Come on Robert. There is no way you can live without owning a car.”

And in many ways, you would be right. But did you know that I sold my car over a year ago and have been using alternatives since then!

However, it is completely possible to get around your city and get things done without owning a car.

And you will find that it saves you a ton of money. In fact, it is possible that you will save so much money, you may not want to go back to owning a car.

But don’t just take my word for it. Here are seven alternatives to owning a car that I know will get you excited to live the car-free life.

It can be challenging to find a side hustle that's worthwhile. The best side hustles allow you to make the most money, while also balancing your time and growth potential.

Side hustling can allow you to earn that little bit of extra money that can help you achieve your financial goals faster - whether it's paying off student loans or saving for retirement. But finding the best side hustle can be tough - you don't want to waste your time or money - you want to start earning!

There are a lot of side hustle ideas out there (here's our list of 50+ Side Hustle Ideas). I'm a huge fan of earning more money, and I think everyone should have a side hustle. My goal today is to show you the best side hustles you can start AND why.

I have three main criteria for side hustles, which I talk about below.

1. Earning Potential
2. Scheduling
3. Growth

Each one of the ideas below strikes a good balance of these. Let's break it down.