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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 ...
The U.S. Department of Education’s newly announced federal student loan interest rates for the 2024-25 academic year broke longstanding records. Experts and policymakers alike predicted a jump ...
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]
The average new car loan rate is 7.9%, according to Bankrate.com data. The average was 7.18% a year ago and 4% on March 16, 2022, just before the Federal Reserve started hiking short-term interest ...
You have variable-rate loans: Student loans could become more expensive over the next few years due to rate hikes from the Federal Reserve. You may choose to refinance into a fixed-rate loan now ...
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 ...