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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]
In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [ 1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...
A closely related issue is the increase in students borrowing to finance college education and the resulting in student loan debt. In the 1980s, federal student loans became the centerpiece of student aid received. [48] From 2006–2012, federal student loans more than doubled and outstanding student loan debt grew to $807 billion. [48]
Federal student loan rates have been rebounding since 2020’s big drop. From 2021 to 2025 alone, undergraduate Direct Loans have increased nearly 3 percent. Student loan rates from 202 0 -2025
Here are some tips that can guide you based on the type of student loans you have: If you have a federal student loan: As previously mentioned, if you have federal student loans, rising interest ...
Preliminary College Board data from the 2021-2022 school year shows that the average amount of subsidized and unsubsidized federal loans per undergraduate borrower was over $6,000 while for ...
Educational inflation is the increasing educational requirements for occupations that do not require them. Credential inflation is the increasing overqualification for occupations demanded by employers. [ 1][ 2] A good example of credential inflation is the decline in the value of the US high school diploma since the beginning of the 20th ...
The president is making four key changes to income-driven repayment plans to reduce monthly payments, prevent ballooning balances, and provide loan forgiveness after a decade of making payments ...