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With $1.7 trillion of student loan debt accrued in the United States, loan forgiveness is at the forefront of borrowers’ minds. Yahoo Finance Reporter Ronda Lee joins the Live show to break down repayment options as loan payments are set to resume on October 1. Lee urges borrowers and potential borrowers to prioritize knowledge of loan options and what they offer, emphasizing the key differences between federal and private loans.

Click here to watch more of Yahoo Finance's special coverage "Student Loans: Smarter Strategies."