debtor education programs

Debtor education programs are designed to help individuals better understand personal finance and manage their debt responsibly. These programs often cover topics such as budgeting, expense tracking, credit management, and understanding loan terms. The goal is to improve financial literacy, enabling participants to make informed decisions, avoid future debt problems, and work towards financial stability. Such programs are sometimes required before qualifying for certain student loan repayment options or debt forgiveness plans, ensuring borrowers are equipped with the necessary skills to handle their finances effectively.