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  2. Income-driven repayment - Wikipedia

    en.wikipedia.org/wiki/Income-driven_repayment

    Income-contingent repayment of student loans has been formally proposed in the United States, in various forms, since 1971. The concept has been championed by politicians from both the right and the left. [7] The first iteration, Income-Contingent Repayment (ICR) plan, was signed in 1993 under President Bill Clinton, [8] and was introduced in ...

  3. Federal Direct Student Loan Program - Wikipedia

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

    Direct PLUS Loan: The direct PLUS loan is a federal loan that graduate or professional students and parents of undergraduate students can use to pay for their education. These loans can be used to help pay for education expenses not covered by financial aid. The Direct PLUS loan is not based on financial need, but credit is necessary.

  4. Student financial aid in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_financial_aid_in...

    An education loan is a loan taken out by the student (or parent) to pay for educational expenses. Unlike scholarships and grants, this money must be repaid with interest. Educational loan options include federal student loans, federal parent loans, private loans, and consolidation loans.

  5. How to calculate loan payments and costs - AOL

    www.aol.com/finance/calculate-loan-payments...

    Starting loan balance. Monthly payment. Paid toward principal. Paid toward interest. New loan balance. Month 1. $20,000. $387. $287. $100. $19,713. Month 2. $19,713. $387

  6. How much financial aid can you get? - AOL

    www.aol.com/finance/much-financial-aid-002201280...

    Federal financial aid includes federal grants, student loans and work-study programs. The financial aid limit for each program varies by school, year and more. The financial aid limit for each ...

  7. A Comprehensive Guide to Federal Student Loan Repayment Plans

    www.aol.com/news/comprehensive-guide-federal...

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  8. Federal Student Aid - Wikipedia

    en.wikipedia.org/wiki/Federal_Student_Aid

    Federal Student Aid (FSA), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds.

  9. What is student loan refinancing and how does it work? - AOL

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

    But before you refinance your federal student loans, understand that you’ll lose access to federal benefits, such as income-driven repayment (IDR) plans and student loan forgiveness programs.

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