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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]
An education loan is a loan taken out by the student (or parent) in order 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.
t. e. Federal Student Aid ( FSA ), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds. FSA is a Performance-Based Organization, and was the first PBO to be established in ...
Experian offers options to help cover college expenses, from a budget review to cost-cutting, to a part-time job and grants and scholarships, if federal student loans just aren't enough.
FAFSA is how students apply for financial aid such as the Pell Grant and federal student loans. "To qualify for financial aid — grants, scholarships, work study, and loans — financial aid ...
After all, the outstanding balances on student loans in the United States reached a record high of $1.57 trillion in 2020, with an average debt of $38,792 per borrower, according to data from ...
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