Loan cancellation benefits refer to the process of eliminating or reducing a borrower's debt, usually in the context of student loans.
Full definition
Additionally, loan consolidation might lead to the loss of some borrower benefits, such as interest rate discounts, principal rebates, or
loan cancellation benefits as a result of switching lenders.
Consolidating federal loans may result in losing certain borrower protections that only apply to specific federal loans, such as interest rate discounts or
loan cancellation benefits.
You could lose borrower benefits like interest rate discounts, principal rebates, or
some loan cancellation benefits under your current loan repayment plans.
Consolidating loans with certain borrower benefits (including interest rate discounts, principal rebates, and
loan cancellation benefits) may result in the loss of these benefits.
By consolidating your federal loans, you may also lose certain borrower protections that only apply to specific federal loans such as interest rate discounts or
loan cancellation benefits.
Consolidation may result in the loss of benefits the original loans offered including: discounted interest rates, principal rebates or
loan cancellation benefits.