This economy infographic titled “Student Loan Forgiveness” illustrates upon the fact that student loan is getting future prospects of having creative minds down as more and more students are opting out of the college. They need to realize that there are other options available as far as loan repayment is concerned.
Do you know what loan forgiveness is? According to this personal finance infographic, loan forgiveness is the cancellation of a loan’s remaining balance or a portion of the balance. There is a slight difference between forgiveness and discharge that is also explained in the financial infographic below. In case you are experiencing economic hardship or health problems, there are several other options to cancel your debt such as forbearance, unemployment deferment and so on.
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