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In general, the agency that authorized the aid award is responsible for reporting aid information to NSLDS. Direct Loans are reported by a Direct Loan servicer, Federal Family Education Loan Program loans are reported by their guarantor, Perkins loans are reported by schools (or their agent), and grants are reported by the U.S. Department of ...
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.
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.
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 ...
The IRS provides a student loan interest deduction that lets borrowers subtract some of the payments from their taxable income. ... they must list your name and other pertinent information on page ...
The federal government provided more details on its plan to adjust the payment histories of millions of student loan borrowers, a move that will get them closer to debt forgiveness.
A student loan servicer is a company which facilitates different aspects of a loan. The servicing group will typically be responsible for maintaining records on a particular loan, handling loan distribution, and providing requested information to the loan recipient. [88]
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans.
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