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Investment Term For The Day - Student Loan Forgiveness
Manage episode 357583673 series 2956461
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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.
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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.
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