Are there any government programs that help with student loan debt relief?
Yes, there are several government programs that help with student loan debt relief in Wisconsin. One of the most popular is the Wisconsin Higher Education Aids Board (HEAB). HEAB offers several programs that help students reduce their student loan debt. For example, there is the Wisconsin Grants Program, which provides grants to both undergraduate and graduate students in Wisconsin to help them pay for their education. Another program offered by HEAB is the Wisconsin Read to Succeed Program, which helps students pay off their student loan debt by paying a portion of the loan amount. The U.S. Department of Education also provides student loan debt relief programs in Wisconsin. For example, the Income-Based Repayment Program (IBR) lets borrowers pay off their student loan debt based on their income rather than their total debt. This program also adjusts repayment amounts if a borrower’s income changes. The U.S. Department of Education also provides loan forgiveness programs, such as the Public Service Loan Forgiveness Program, which can help borrowers who have worked in public service for at least 10 years. Wisconsin also offers borrower assistance programs, such as the Loan Repayment Assistance Program (LRAP), which can provide up to $30,000 in loan repayment assistance to eligible borrowers. Additionally, the Wisconsin Educational Loan Repayment Program helps health professionals pay back their student loan debt by providing up to $65,000 in assistance over a three-year period. These are just a few of the government programs available to help students with their student loan debt relief in Wisconsin.
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