Partial financial hardship is based on what factors?

Partial financial hardship is assessed using multiple factors, which include both income and family size, as well as employment status and loan amount. Specifically, when evaluating a borrower's situation for determining eligibility for certain loan repayment plans, income is crucial as it indicates the borrower's ability to meet monthly payments. Family size is also considered since it can influence living expenses and overall financial responsibility.

Additionally, employment status plays a significant role; a borrower who is unemployed or underemployed may demonstrate financial hardship more readily. The amount of the loan is equally important because a higher loan amount could result in heavier financial burdens relative to income, especially for individuals or families with limited means.

Thus, combining these factors provides a comprehensive view of an individual’s financial circumstances, which is why the correct answer includes both sets of parameters. This thorough assessment helps ensure that the repayment plans align with the borrower's actual ability to pay, reflecting the increasing complexity and interplay of financial obligations in modern life.