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  2. 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]

  3. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    The US first major government loan program was the Student Loan Marketing Association (Sallie Mae), formed in 1973. [19] [clarification needed] Before 2010, federal loans included: loans originated and funded directly by the Department of Education (ED) government guaranteed loans originated and funded by private investors.

  4. FAFSA - Wikipedia

    en.wikipedia.org/wiki/FAFSA

    Direct Subsidized Loans have fixed interest rates for the life-time of the loan. The interest rates for new loans are set yearly by the U.S. Congress. 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 ...

  5. Student loans: Democrat calls for payment freeze if the ... - AOL

    www.aol.com/finance/student-loans-democrat-calls...

    Rep. Ayanna Pressley (D-Mass.) is calling for a freeze on student loan payments if the federal government shuts down. Federal student loan payments are set to restart in October after a three-year ...

  6. Student loan forgiveness: Official application is live - AOL

    www.aol.com/finance/student-loan-forgiveness...

    The student loan forgiveness application ... a borrower's monthly payment based on their new loan balances before payments resume in January 2023. ... consolidate them into the federal direct loan ...

  7. Student loan forgiveness: Government opens beta version of ...

    www.aol.com/finance/student-loan-forgiveness...

    Who qualifies for $20,000 in student loan debt forgiveness? Borrowers who received Pell Grants and make less than $125,000 as individuals or less than $250,000 as married couples are eligible to ...

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