None of the above.
If you borrow money for post-secondary education, you are typically required to pay it back. Student loans, whether from the government or private institutions, come with repayment terms and conditions. If you fail to repay the loan as agreed, you may face consequences such as penalties, legal actions, damaged credit, or difficulties in obtaining future loans. There are forgiveness programs or options available in certain cases, such as through income-driven repayment plans or public service loan forgiveness, but these usually have specific eligibility criteria and require meeting certain conditions over a period of time. It is important to borrow responsibly and consider the financial implications of taking on debt for education.
If you borrow money for post secondary education, you never have to pay it back. You owe it back if you borrow carelessly they will forgive you none of the above.
1 answer