Debt, a problem that plagues millions of Americans every day, causes stress, financial insecurity, and diminished quality of life. Fortunately, there are a number of government-sponsored loan programs designed to help those in debt get back on their feet.

Government loans are a great way to help individuals deal with debt, as they not only offer generous loan terms that are designed to provide debt relief, but also provide invaluable education and guidance on how to manage debt responsibly. Government loans are often the best way to reduce debt, as their loan terms are specifically designed to help those in debt—with repayment options based on individual income and financial circumstances.

Many government loans are low-interest or government-subsidized, meaning that borrowers end up paying significantly less in interest over the life of the loan. Additionally, many government loans are tailored towards specific types of debts, such as student loans, or mortgage loans, and thus provide more targeted relief than other debt relief options.

Government loans also have the potential to help borrowers improve their credit scores. This is because repayment of a government loan is reported to the major credit bureaus, meaning that successful, timely repayment of a government loan may help to improve a person's