Is debt relief law available for federal student loans?

Yes, debt relief law is available for federal student loans in Kansas. Under the Kansas Student Loan Debt Relief Act, borrowers may be eligible to receive a tax credit of up to $3,000 a year for the principal and interest amount paid on their federal student loans. To qualify, borrowers must have lived in Kansas for at least one year, have earned a post-secondary degree from a college in Kansas, and meet certain income requirements. Additionally, federal student loan borrowers may be eligible to have their loans forgiven if they work in public service. This is known as the Public Service Loan Forgiveness Program (PSLF). With PSLF, borrowers must make 120 qualifying payments while working for a qualifying employer. Additionally, they must be employed with a qualifying employer when they apply for loan forgiveness. The good news is that debt relief programs are widely available across the state of Kansas. Residents should research various debt relief options and take advantage of any available assistance that can help them pay down their student loan debt. Additionally, it is important to stay current with loan repayment to avoid any negative credit implications.

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Is debt relief law available for federal student loans?

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