PRIVATE STUDENT LOAN FORGIVENESS
A private loan for student is composed of a funding facility proposed through private cash lenders which are not belonging to the banking sector for people who are studying at the university.
A private loan for student is usually dedicated to young people who are graduating at the university and ans serves to cover their tuition and their living costs such housing, food and transportation.
Private financing for student given that often young people in the absence of parental financial supports face a lack of money to finance their studies, either because the banks refuse to lend or because of lack of scholarships.
A private loan for students give them the possibility to focus on their studies without working as they have the possibility to repay the credit at the end of studies, and additionally they can also use student crowdfunding can include participatory donations.
A student exploits generally all possible options in order to fund his studies including private financing take into account the high interest rates charged for private loans knowing that he will be able later to repay when he gets his first job, and currently crowdfunding for students becomes the best alternative.
A private student loan forgiveness is unfortunately not possible given that private lenders and investors are not charity entities and that they are looking for profit first, they may forgive a student loan in case of an extreme deterioration of the borrower's health for instance.