Are there any government programs that offer debt relief?

Yes, there are several government programs that offer debt relief in Washington. The most well-known of these is the U.S. Department of Education’s (ED) Public Service Loan Forgiveness Program (PSLF). Through this program, those with federal student loan debt can have the balance of their loan forgiven after they make 120 qualifying payments while working in public service. Additionally, the Department of Justice (DOJ) has a program called the Loan Repayment Assistance Program (LRAP), which also provides aid to those with federal student loans. LRAP offers a one-time payment to help with debt relief. The Washington Department of Financial Institutions (DFI) also has programs to help individuals manage their debt. The DFI has a Debt Collection Assistance Program which reduces or waives late fees and penalties associated with debt. The DFI also has a Credit Counseling Service Program that helps individuals create a debt management plan and assists with financial education. Finally, the U.S. Department of Agriculture (USDA) has a Farm Loan Program which offers reduced interest rates on agricultural loans for farmers in Washington. This program also helps debt relief by reducing interest payments on agricultural loans which can help farmers in difficult financial situations. Overall, there are several government programs that offer debt relief in Washington. These include the PSLF, LRAP, DFI’s Debt Collection Assistance Program, and the USDA’s Farm Loan Program. Each of these programs can help individuals manage their debt and find ways to reduce or eliminate their overall financial burden.

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Are there any government programs that offer debt relief?

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