Student loan forgiveness releases borrowers from their obligation to repay part or all of their federal student loan debt. These borrowers have taken out loans to pay for their post-secondary education. Forgiveness is available for some types of loans, but eligibility is limited to borrowers in certain public service, educational, or military professions. Loan forgiveness means a debt (or part of a debt) is eliminated or forgiven in finance parlance—relieving the borrower of the obligation to repay it. Although any student loan can theoretically be forgiven, student loan forgiveness generally applies to U.S. government-issued or government-backed loans.Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.

Ver todos los episodios