What is Student Loan Forgiveness? A Simple Explanation
Student loan consolidation is when you get all of the loans and little debts that you picked up as a student such as credit cards, other smaller debts and your main student one and you take then to a business that does consolidating. Loan forgiveness is a similar process but is involves trying to get your loan consolidated whilst at the same time trying to get some of it forgiven. government student loan consolidation You have to give something back to the government to get forgiveness because obviously they want something back for putting you through college as that is fair, right? It does not have to be something financial though which is great news for a lot of broke graduates.
