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2. Biden’s New Student Loan Forgiveness Program Announced - AOL

   www.aol.com/biden-student-loan-forgiveness...

   In a Sept. 29 press release, the U.S. Department of Education cited a debt relief issue paper laying out an initial set of policy considerations to “create a path to debt relief for student loan ...

3. Pros and cons of consolidating student loans

   www.aol.com/finance/pros-cons-consolidating...

   Consolidating student loans is a smart step for many federal borrowers; here are a few of the advantages: Potentially lower monthly payments: Direct Consolidation Loans have a repayment timeline ...

4. How the Supreme Court's student loan relief ruling affects ...

   www.aol.com/news/supreme-courts-student-loan...

   It also debuted a month after the Supreme Court blocked Mr. Biden's plan to erase up to $20,000 in debt per student borrower. Because SAVE also promises to lower monthly loan payments — to as ...

5. Student loans in the United States - Wikipedia

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

   As of 2021, approximately 7.8 million Americans from 18 to 25 carry student loan debt, with an average balance of almost $15,000. [64] For adults between the ages of 35 and 49, the average individual balance owed exceeded $42,000. The average debt for adults between 50 and 61 is slightly lower.

6. 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]

7. Federal student loan consolidation - Wikipedia

   en.wikipedia.org/wiki/Federal_student_loan...

   The fixed interest rate is calculated as the weighted average of the interest rates of the loans being consolidated, assigning relative weights according to the amounts borrowed, rounded up to the nearest 0.125%, and capped at 8.25%. Some features of the original consolidated loans, such as postgraduation grace periods and special forgiveness ...