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The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1 ]
In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [ 1 ] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...
The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [ 1 ]
Borrowers with federal Direct Loans or Federal Family Education Loan Program (FFELP) loans who consolidate their loans by June 30, 2024, will have any eligible payments from before consolidation ...
Parent Plus loans -- also known as a Direct PLUS Loan -- are issued by the federal government and let parents of dependent students borrow funds to help pay for a student's college or career ...
Federal student loan payments have resumed, so you must start worrying about due dates again. ... Potentially lower monthly payments: Direct Consolidation Loans have a repayment timeline of up to ...
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