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    Understanding the Timeline for Loan Forgiveness: When Will it Take Effect?

    Introduction to Loan Forgiveness Loan forgiveness refers to the cancellation of all or part of a borrower’s outstanding debt, typically through a government or financial institution program. This process is designed to help borrowers who may be struggling to repay their loans due to financial difficulties such as job loss, disability, or other circumstances. Loan forgiveness programs are available for…

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