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  2. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    Federal student loans were first offered in 1958 under the National Defense Education Act (NDEA). [14] They were available only to select categories of students, such as those studying engineering, science, or education. The program was established in response to the Soviet Union's launch of the Sputnik satellite. [15]

  3. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    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]

  4. Student loan - Wikipedia

    en.wikipedia.org/wiki/Student_loan

    A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still ...

  5. Federal vs. private student loans: What’s the difference? - AOL

    www.aol.com/finance/federal-vs-private-student...

    Federal student loans. Private student loans. Interest rates. 5.50% to 8.05% for loans disbursed before July 1, 2024. 6.53% to 9.08% fixed for loans disbursed after July 1, 2024

  6. How to get a student loan - AOL

    www.aol.com/finance/student-loan-175304291.html

    To qualify for a student loan, complete the FAFSA to check for federal loan eligibility. Federal loans require U.S. citizenship or eligible noncitizen status, a valid Social Security number ...

  7. Federal student loan rates just hit their highest point in ...

    www.aol.com/finance/education-department-unveils...

    Today’s announcement only applies to federal loans first disbursed on or after July 1, 2023, and before July 1, 2024. Federal Direct undergraduate loans for the next school year will have a 6.53 ...

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