How can I use public funds to pay off my student loan debt?
How can I use public funds to pay off my student loan debt?
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There is one program through the US Department of Education, which offers loan repayment assistance through public service loan forgiveness. This program will forgive the remaining balance on your Direct Loans after you have made 120 qualifying payments while employed in a full-time public service job. To qualify for this program you must have a federal direct loan and work in a job that serves the public interest, such as teaching, health care, government or civil service. Additionally, some states and local governments may offer their own student loan repayment assistance programs using public funds.
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How can I use public funds to pay off my student loan debt?
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You may be able to use public funds to pay off your student loan debt by taking advantage of student loan forgiveness programs. You could also look into income-based repayment plans, which calculate your monthly payment based on your income and family size. Additionally, certain states and private organizations may offer grants or loan repayment assistance for students who are working in specific fields or who have financial need.
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