Debt forgiveness is the cancellation of a borrower's obligation to repay some or all of their debt. This can occur in various situations, such as when a lender decides to forgive a portion of a loan or when a government program helps individuals with financial difficulties. Debt forgiveness can provide relief to those struggling to meet their financial obligations. There are different types of debt forgiveness, including student loan forgiveness, credit card debt relief, and mortgage forgiveness. Programs like Public Service Loan Forgiveness aim to help specific groups, such as teachers or non-profit workers, by eliminating their student loans after a certain period of service.