How can my friend get a loan waiver?
Getting a loan waiver might be difficult unless it is under a scheme announced by the government. However, your friend can approach the bank and state the facts, provide the necessary documentation and ask for a rescheduling of the loan or restructuring of the loan. Through this process, he can reduce the monthly burden. He should attempt to get a part-time job to supplement his fathers income. He can take tutions for kids to earn something additional