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To qualify for the Teacher Loan Forgiveness you must be a highly qualified [2] teacher. You must not have had an outstanding balance on Direct Loans or Federal Family Education Loan (FFEL) Program loans as of Oct. 1, 1998, or on the date that you obtained a Direct Loan or FFEL Program loan after Oct. 1, 1998.
According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15] The government combats this large outstanding balance with student loan forgiveness which come in several forms, the two most popular being Public Service Loan Forgiveness and Teacher Loan Forgiveness ...
When a county has been declared a disaster area, by either the President or the Secretary of Agriculture, farmers in that county may become eligible for low-interest emergency disaster (EM) loans under the Emergency Disaster Loan Program. The loans are available through the Farm Service Agency (formerly Farmers Home Administration). EM loan ...
U.S. Education Secretary Miguel Cardona met with teachers and borrowers in New York City on Monday to mark the announcement of a newly proposed student debt relief plan that could benefit more ...
The loan amounts are based on need and cannot exceed either (1) 25 percent of the annual operating budget of that local government for the fiscal year in which the disaster occurs and not exceeding $5,000,000, or (2) if the loss of tax and other revenues of the local government as a result of the disaster is at least 75 percent of the annual ...
The Higher Education Relief Opportunities For Students (HEROES) Act (Pub. L. 108–76 (text)) was legislation passed unanimously by the United States Congress and signed into law by President George W. Bush on January 16, 2002. It was extended and amended in 2003, extended in 2005, and made permanent in 2007.
The U.S. Department of Agriculture has distributed over $2.1 billion to more than 39,000 farmers in economic distress through a loan relief program funded by the Inflation Reduction Act, the ...
The Disaster Mitigation Act of 2000, Public Law 106-390, also called DMA2K, is U.S. federal legislation passed in 2000 that amended provisions of the United States Code related to disaster relief. The amended provisions are named after Robert Stafford , who led the passage of the Stafford Disaster Relief and Emergency Assistance Act of 1988.