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  2. Student Loan Relief: Interest Could Drop to 0% If New ... - AOL

    www.aol.com/finance/student-loan-relief-interest...

    Congressional Democrats introduced legislation on July 27 that would lower student loan interest to 0%, while capping rates for future borrowers. If passed, this would be a huge help to 44 million...

  3. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]

  4. Higher Education Loan Authority of the State of Missouri

    en.wikipedia.org/wiki/Higher_Education_Loan...

    As part of the U.S. federal government's response to the COVID-19 pandemic, the Federal Student Aid (FSA) office initiated a temporary pause on student loan payments alongside a 0% interest rate. [2] In June 2020, the DOE announced that MOHELA was one of five servicers that would help oversee the federal student loan portfolio in order to bring ...

  5. Federal Family Education Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Family_Education...

    For PLUS loans made before July 1, a variable rate applies (with a 9.00% cap). The House passed a resolution in May 2013 to tie student loan rates to free market loan rates. Every year, student loan interest rates will adjust to fit the market. subsidized and unsubsidized rates will cap at 8.5%. [4]

  6. Should Biden have forgiven more student debt? - AOL

    www.aol.com/biden-pardoned-son-forgive-more...

    Here is a look at the ways Biden tried to forgive federal student loans and the hurdles he faced while in office: President Joe Biden announces a new student loan forgiveness program on April 8 ...

  7. Student loan crisis arose from 'giving families a blank check ...

    www.aol.com/finance/student-loans-u-stop-giving...

    The student loan debt crisis arose after legislative changes over the years that create a system of largely unchecked lending to millions of students, according to a reporter and author of a new book.

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