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While millions of Americans are eligible to apply for student loan forgiveness, many more still need to pay off any remaining balance on their student debt. One option available to borrowers are...
Temporary Student Loan On-Ramp Repayment Program. To help the transition from the pandemic payment pause to restarting loan payments in October 2023, the Department of Education provided a ...
Federal Perkins Loan (Perkins Loan) Program: This is a school-based loan program for eligible students with exceptional financial need. Students may qualify for a Perkins Loan of up to $8,000 each year depending on financial need, the amount of other aid received, and the availability of funds at the school.
Loans issued by private lenders are not eligible for the following programs. Public Service Loan Forgiveness. The first option is the Public Service Loan Forgiveness Program (PSLF). This ...
Federal Direct Unsubsidized Loan - Part of the Federal Direct Student Loan Program, Federal Direct Unsubsidized Loans are not need-based, meaning that nearly all students are eligible to receive them. Unlike Federal Direct Subsidized Loans, Direct Unsubsidized Loans accrue interest the moment they are applied to a student's tuition account.
Federal Student Aid is also responsible for the development, distribution, and processing of the Free Application for Federal Student Aid (FAFSA), the fundamental qualifying form used for all federal student aid distribution programs, as well as for many state, regional, and private student aid programs. Each year Federal Student Aid's staff ...
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