Are there any government programs that help with student loan debt relief?

Yes, there are several government programs in California that provide assistance with student loan debt relief. The most popular is the Cal Grant Program, which is operated through the California Student Aid Commission. This program provides free grants to qualified students who are attending college in California. The grants can be used to cover costs such as tuition, books, and other college-related expenses. Additionally, the program may provide up to $9,000 in loan debt relief for student loan borrowers. In addition to the Cal Grant Program, California also offers the Federal Student Loan Incentive Program. This program provides loan forgiveness for borrowers who have made timely payments on their student loans. The program requires borrowers to pay 10 percent of their monthly loan payments for three consecutive years. After meeting this requirement, a certain portion of the borrower’s loan balance will be forgiven. Finally, California also offers the Save For College Program. This program allows borrowers to set aside money for college in a dedicated account. The account is tax-deferred, meaning that any interest earned is not taxed. Additionally, any contributions to the account are eligible for state tax deductions. This program can be used to help borrowers save for college and reduce their student loan debt.

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Are there any government programs that help with student loan debt relief?

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