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Previously, the Education Department allowed married couples to consolidate their federal student loan debt into one monthly payment — an option no longer available.
Pell Grant-recipients will receive up to $20,000 in student debt forgiveness from loans held by the Department of Education. Non-Pell Grant borrowers are entitled to up to $10,000 in loan forgiveness.
Forgiving the first $10,000 in student loan debt for those who earn up to $125,000 will cost taxpayers an estimated $300 billion, according to the University of Pennsylvania’s Penn Wharton ...
EdFund is a nonprofit corporation founded by the California Student Aid Commission on January 1, 1997. EdFund was organized as a 501(c)(3) public benefit corporation pursuant to legislation authorizing the Commission to establish a nonprofit auxiliary to administer all activities associated with its participation in the federal student loan program.
Instead loans will be administered directly by the Department of Education. [25] Increasing the Pell Grant scholarship award. For new borrowers of loans starting in 2014, those who qualify would be able to cap the amount they must spend on loan repayment each month to 10% of their discretionary income, down from 15%. [24]
The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED) central database for Federal Student Aid. [1] NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other ED programs.
Gov. Gavin Newsom's 2022-2023 budget set aside $7.25 million for the student loan assistance and education program and $2.25 million for a statewide marketing campaign.
The department operates under the California Business, Consumer Services and Housing Agency. The DFPI protects California consumers and oversees the operations of state-licensed financial institutions, including banks, credit unions, debt collectors, nonbank mortgage lenders, student loan servicers, money transmitters, and others. Additionally ...