President Biden’s student loan forgiveness fate now rests with the Supreme Court as people must wait 60 days after June 30 to know the result.
Thank you for reading this post, don't forget to subscribe!The federal government has offered various loan forgiveness options, such as Public Service Loan Repayment Forgiveness, income-driven repayment plans, etc.
Some states offer several student loan repayment assistance programs.
The main goal of these programs is to recruit workers in the health, law, and education employment fields.
Furthermore, a few states are trying to bring new residents to their cities by wiping out remaining student loan balances as incentives.
If you move there, four states have programs to pay your student loans: Illinois, Kansas, Maine, and Maryland.
Let’s elaborate on which state will solve your student loan forgiveness problems.
Illinois
Illinois created programs to encourage nurses, teachers, and state offenders to work in Illinois by paying off parts of their remaining student loans.
It has a Smart Buy home buying program that will pay off a student loan balance of 15% (up to $40,000) of the home purchase price.
Kansas
The Rural Opportunity, Zones Student Loans Repayment Program provides student loan repayments of up to $15,000.
Maine
Maine’s residents who meet certain requirements may be eligible to get up to $25,000 in student loan forgiveness under the Maine Opportunity Tax Credit.
Maryland
Thanks to the SmartBuy 3.0 program, homebuyers have the opportunity to buy any eligible Maryland Mortgage Program while getting student debt cancellation for up to 15%.
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