The phrase "loan borrowers" refers to people who have borrowed money from a lender. These individuals need to repay the borrowed amount along with any interest or fees as per the loan agreement. Full definition
This tool may be used for federal student loans borrowers who are in default. (studentaid.ed.gov)
With nearly a quarter of federal student loan borrowers in default, borrowers need a system that will help them to successfully repay their loans. (studentloanborrowerassistance.org)
It's not uncommon for payday loans borrowers to write a check upfront or give a lender permission to access their checking account. (lendedu.com)