Loan Repayment and Forgiveness
Loan repayment and forgiveness covers how borrowers pay back education debt and when some or all of it can be reduced or canceled. The Department of Education sets federal repayment plans, and Congress creates forgiveness and cancellation programs. Some programs tie relief to public service work or to jobs in areas that lack health care providers.
People usually bring questions about how to pick or change a repayment plan, what to do after falling behind, and how to leave default. They also ask about consolidation, wage garnishment, cancellation options, and how the tax deduction for student loan interest works.
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