Federal Student Loan Forgiveness Program EXPLAINED 👨‍🏫 #shorts

Federal student loan forgiveness eliminates a portion or all of a borrower's student loan obligation. However, loan forgiveness does not apply to private loans; only federal direct loans qualify. Working in the public sector can greatly increase the chances of student loan remission. Federal debts may also be discharged due to events beyond the control of the borrower. In addition, under the category of "borrower defense," students who believe their educational institution deceived them may petition for loan forgiveness.

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Source:
https://www.investopedia.com/terms/s/student-loan-forgiveness.asp

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