Posted April 04, 2019 06:24:23When you borrow money from a loan provider to help pay for school, you need to repay the loan to your lender.
The amount you owe on the loan can be different for different types of loans.
You might be able to apply for a loan forgiveness or a loan amortisation to make up the difference.
The government has set out the repayment terms for all kinds of loans, and you should be aware of them.
You can borrow from a different lender to repay a different loan if you:You can apply for loan forgiveness to make sure the loan you borrowed from is worth more than the loan your new lender has agreed to repay, or