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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 Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [ 1]
They qualify for discharge of Stafford, Perkins, and Federal Family Education Loan Program loans up to $77,500. [70] Any person employed full-time by a 501(c)(3) non-profit group, or another qualifying public service organization, or serving in a full-time AmeriCorps or Peace Corps position, [71] qualifies for discharge after 120 qualifying ...
FedLoan Servicing, one of the nation’s largest federal student loan servicers, ended its contract with the Department of Education in 2021. As a result, millions of student loan borrowers were ...
If you have questions about the FedLoan Servicing changes, you can contact FedLoan Servicing using the following information: Toll-free phone number: (800) 699-2908, available Monday through ...
College can be expensive — but the good news is that there are several funding sources that can help you cover your education costs, including both federal and private student loans. There are a ...
In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, or activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.
The United States federal civil service is the civilian workforce (i.e., non-elected and non-military public sector employees) of the United States federal government 's departments and agencies. The federal civil service was established in 1871 ( 5 U.S.C. § 2101 ). [ 1] U.S. state and local government entities often have comparable civil ...