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Why Are Private Student Loans Not Forgiven? [Solved]

Private student loans make up a little more than 8% of the total outstanding student loan debt, with the national balance for private loans exceeding $140 billion. They aren’t eligible for forgiveness because borrowers with private loans owe the independent providers, not the federal government.28 Aug 2022

Navient’s

Federal student loans not forgiven in Navient settlement

The settlement will lead to the cancellation of $1.7 billion dollars in

How loan forgiveness affects students with private financing

Loan forgiveness