Are there any government programs that offer debt relief?

Yes, there are government programs that offer debt relief in Texas. The federal government offers two debt relief programs: the Student Loan Forgiveness Program and the Public Service Loan Forgiveness Program. The Student Loan Forgiveness Program is designed to help borrowers who have taken out federal student loans and have difficulty making payments due to their current financial situation. The program provides up to $17,500 of debt relief per year for up to three years, with total forgiveness of up to $52,500. The Public Service Loan Forgiveness Program is designed to help individuals who have been employed in public service jobs for at least 10 consecutive years. This program will forgive the remaining balance on federal student loans after the borrower has made 120 qualifying payments. Additionally, Texas has specific programs that offer debt relief to those who have encountered financial hardship. The Texas Department of Consumer Affairs has two programs to help Texans who are struggling to stay afloat due to debt. The Texas Borrower’s Bill of Rights provides debt relief to those facing debt collectors, offering specific rights and protections to those with past due payments. The Texas Fair Lending Act provides legal protection for those dealing with payday and auto title loan lenders. Both of these laws are designed to help Texans find debt relief.

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Are there any government programs that offer debt relief?

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