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  2. Federal Direct Student Loan Program - Wikipedia

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

    The program replaced the earlier Federal Family Education Loan (FFEL) program which issued "guaranteed loans" — loans originated and funded by private lenders but guaranteed by the government. The FFEL program was eliminated because of a perception that it benefited private student loan companies at the expense of taxpayers, but did not help ...

  3. Federal vs. private student loans: What’s the difference? - AOL

    www.aol.com/finance/federal-vs-private-student...

    Federal student loans. Private student loans. Interest rates. 5.50% to 8.05% for loans disbursed before July 1, 2024. 6.53% to 9.08% fixed for loans disbursed after July 1, 2024

  4. 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.

  5. Federal Family Education Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Family_Education...

    New subsidized Stafford loans to undergraduates beginning July 1, 2008 (per recent budget reconciliation law): 6.0% for a loan first disbursed between July 1, 2008, and June 30, 2009; 5.6% for a loan first disbursed between July 1, 2009, and June 30, 2010; 4.5% for a loan first disbursed between July 1, 2010, and June 30, 2011

  6. Should I use a personal loan to pay for my child’s private ...

    www.aol.com/finance/personal-loan-pay-child...

    If you’ve considered sending your child to a private K-12 institution and have gotten immediate sticker-shock, you’re not alone. In 2023, the average tuition cost for a private school K-12 ...

  7. Why Didn't I Learn This in School: Life on Loan

    www.aol.com/article/finance/2016/11/16/why-didnt...

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  8. Student financial aid in the United States - Wikipedia

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

    Federal Perkins Loan (Perkins Loan) Program: This is a school-based loan program for eligible students with exceptional financial need. Students may qualify for a Perkins Loan of up to $8,000 each year depending on financial need, the amount of other aid received, and the availability of funds at the school.

  9. Student loan crisis arose from 'giving families a blank check ...

    www.aol.com/finance/student-loans-u-stop-giving...

    The growth of the student loan program, starting with the Lyndon B. Johnson administration in the mid-1960s, was the result of an increasing desire to see the American population obtain college ...

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