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“Direct Loans, Pell Grants, and other federal student aid funds provided to individual students are not impacted by the Jan. 27, 2025, Office of Management and Budget guidance temporarily ...
The Education Department said Tuesday that federal student loans and Pell Grants won't stop flowing to students amid a broader federal funding pause.
The Student Borrower Protection Center, a nonprofit that advocates for student loan borrowers, said in a statement Tuesday that despite the administration saying student loans would not be ...
Student loans totaled more than $1.3 trillion, averaging $25,000 each for 40 million debtors. The debtors average age was 33. Forty percent of the debt was owed by people 40 or older. [37] In a 2017 report by the National Center for Education Statistics, the researchers found that 27% of all student loans resulted in default within 12 years. [33]
The order sent chills through organizations, both public and private, that rely on federal grants and loans for their operations, but the White House insisted the concern was misplaced.
The U.S. Department of Education administers federal student aid programs such as Pell Grants, direct loans and work-study programs. These initiatives help students afford to attend college and ...
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