Are there any special programs or incentives for students who take on student loan debt?

In Wisconsin, there are a few special programs and incentives for students who take on student loan debt. The Wisconsin Higher Education Achievers Program (WHEAP) is one such program. It awards up to $2,250 per academic year to Wisconsin residents who take out loans to attend an eligible postsecondary institution. WHEAP also offers loan forgiveness for students who complete their degree and have at least $2,250 in outstanding student loan debt. The Wisconsin Higher Education Grant Program (WHEG) is another resource for students who take on a student loan. This grant offers need-based financial aid to Wisconsin residents attending an eligible postsecondary institution. It covers up to the cost of tuition, fees, and other educational expenses. The amount of the award varies based on financial need, and it can be as much as $3,000 per academic year. The Wisconsin State Loan Repayment Program (WSLRP) is a third option for Wisconsin students with student loans. This program helps borrowers repay their student loans by providing funds up to $6,000 to qualifying borrowers. The funds can be used to pay down a borrower’s principal loan balance, up to $6,000 per year. For more information on student loan programs and incentives available in Wisconsin, students should contact their financial aid office or the Wisconsin Higher Education Achievers Program.

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Are there any special programs or incentives for students who take on student loan debt?

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