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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.
All new Stafford, PLUS, and consolidation loans are now administered through the Direct Loan Program. Campus-Based Aid includes types of aid that schools are responsible for administering on behalf of the federal government. Federal Perkins Loans are low-interest loans made through a school’s financial aid office using federal funds ...
American Student Assistance was founded in 1956 under the name Massachusetts Higher Education Assistance Corporation (MHEAC).The organization began when a group of people approached Massachusetts local businesses for philanthropic donations with the idea of creating a pool of money to guarantee loans for higher education. [1]
Student Loans: 3 Forgiveness Programs Are Going Away, Here’s What To Do Now For Financial Relief. David Nadelle. January 31, 2024 at 3:04 PM.
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On Friday, the Department of Education announced that it will begin discharging student loan debts for borrowers who’ve been in repayment for 20-25 years under a one-time payment adjustment ...
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