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The grant money can be used to repay federal student loans or loans from a state agency or state college or university. The grant amount equals the maximum value of the Pell Grant for that fiscal ...
Eligible loans for the IBR Plan are all loans made under the Ford Program and Federal Family Education Loan Program except for Parent PLUS Loans. Unlike ICR, Parent PLUS Loans cannot be consolidated into a consolidation loan to qualify. [2] Eligible loans for the PAYE Plan are all loans made under the Ford Program except for Parent PLUS Loans.
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.
Based on legislative history and the decisions of other district and bankruptcy courts, the district court adopted a standard for "undue hardship" requiring a three-part showing: (1) that the debtor cannot maintain, based on current income and expenses, a "minimal" standard of living for herself and her dependents if forced to repay the loans ...
With federal student loan payments set to resume on Sept. 1 following a two-year pause, millions of borrowers will soon have another budget expense to deal with -- unless they can find other ...
Student loan interest rates, repayment terms and account balances should remain the same on any existing accounts. For borrowers in need of assistance should contact the Federal Student Aid ...
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