Are there any government programs to reduce or eliminate student loan debt?

Yes, there are several government programs to reduce or eliminate student loan debt in New Hampshire. The New Hampshire Higher Education Loan Corporation (NHHELCO) offers interest rate reductions and waived fees, plus a graduated repayment plan. This allows eligible borrowers to reduce their monthly loan payments and pay back their student loans over an extended period of time. The New Hampshire Higher Education Assistance Foundation (NHHEAF) also offers forgiveness or “cancellation” programs for certain types of student loan debt. These include the NH Loan Forgiveness Program, which offers debt forgiveness for full-time employees of nonprofit organizations in the state, and the NH Teacher Loan Forgiveness Program, which offers forgiveness to full-time teachers in New Hampshire public schools. The New Hampshire Higher Education Assistance Authority (NHHEAA) has programs to help lower the interest rates of student loans, as well as debt consolidation and forbearance options. Additionally, borrowers can draw from various federal loan programs, such as income-driven repayment plans, loan forgiveness programs, and Public Service Loan Forgiveness. Overall, there are several government programs in New Hampshire to reduce or eliminate student loan debt. Depending on the borrower’s individual circumstances, they may be able to take advantage of one or more of these programs to reduce or eliminate their debt.

Related FAQs

How do I qualify for student loan forbearance?
What types of loans are available?
Are there any special rules for postgraduate student loans?
How long does it take to get approved for a student loan?
What are the consequences of defaulting on a private student loan?
Does loan consolidation reduce my interest rate and monthly payments on my student loans?
Are there any programs to help those in public service with student loan repayment?
Are there any government programs that help with student loan debt relief?
What are the consequences of defaulting on my student loans?
Are there any special programs for students in certain professions?

Are there any government programs to reduce or eliminate student loan debt?

Related FAQs

Related Blog Posts