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

Yes, there are government programs available to reduce or eliminate student loan debt in North Carolina. The most popular type of program is income-driven repayment plans, which adjust your monthly student loan payment according to your income. If you qualify, you can also apply for loan forgiveness after a certain period of time. For example, the North Carolina "Get on Your Feet" Loan Forgiveness Program gives qualifying borrowers up to 24 months of loan forgiveness. Additionally, there are loan consolidation programs that can help you combine multiple loans into one lower-cost loan. Finally, you may also be eligible for certain types of loan forgiveness if you work in certain public service fields, such as teaching or public service. Talk to your student loan provider or the North Carolina Department of Education for more details.

Related FAQs

Are there any grants or scholarships that can help with student loan repayment?
What are the requirements to receive student loan deferment?
What happens if I can't make my student loan payments?
How do I find out if I am eligible for student loan deferment?
How do I know if I'm eligible for student loan forgiveness?
Are there any programs to help those in public service with student loan repayment?
Are there any government programs to reduce or eliminate student loan debt?
Are there any special rules for graduates attending medical school?
What are the tax benefits of student loan repayment?
How much can I borrow in student loans?

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

Related FAQs

Related Blog Posts