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The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]
The US first major government loan program was the Student Loan Marketing Association (Sallie Mae), formed in 1973. [20] [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.
There’s still a path to something like partial student loan forgiveness with the SAVE plan. If your original loan amount was $12,000 or less, your debt will be forgiven after you’ve made 120 ...
The student loan forgiveness application ... you had FFEL and Perkins Loans not owned by the Education Department and applied to consolidate them into the federal direct loan program before Sept ...
National Defense Education Act. An Act to strengthen the national defense and to encourage and assist in the expansion and improvement of educational programs to meet critical national needs and for other purposes. 20 U.S.C. ch. 17, subch. I §§ 401-403. 20 U.S.C. ch. 17, subch. II §§ 421-429. 20 U.S.C. ch. 17, subch.
Borrowers who received Pell Grants and make less than $125,000 as individuals or less than $250,000 as married couples are eligible to receive $20,000 in student loan debt forgiveness. Your income ...
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