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2. Higher education financing issues in the United States

   en.wikipedia.org/wiki/Higher_education_financing...

   During the early 1980s, higher education funding shifted from reliance on state and federal government funding to more family contributions and student loans. Pell Grants, which were created to offset the cost of college for low-income students, started funding more middle-class students, stretching the funds thinner for everyone. During the ...

3. Federal Direct Student Loan Program - Wikipedia

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

   In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]

4. Student loans in the United States - Wikipedia

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

   Low-income students often prefer grants and scholarships over loans because of their difficulty repaying them. In 2004, 88.5% of Pell Grant recipients who had bachelor's degrees graduated with student loan debt. After college, students struggle to break into a higher income bracket because of the loans they owe.

5. Biden administration discharges another $9 billion in student ...

   www.aol.com/finance/biden-administration...

   The total discharged debt includes $51 billion for 715,000 borrowers through the public service loan forgiveness ; $11.7 billion for permanent disability discharges for more than 513,000 borrowers ...

6. Student Loan Forgiveness: 5 Ways Biden’s Student Loan ... - AOL

   www.aol.com/finance/student-loan-forgiveness-5...

   The student loan forgiveness plan isn’t expected to trigger any income tax consequences on federal returns, mainly because the American Rescue Plan of 2021 made student loan forgiveness tax-free ...

7. Student loan forgiveness: Government offers glimpse of ... - AOL

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

   Borrowers who received Pell Grants and make less than $125,000 as individuals or less than $250,000 as married couples are eligible to receive $20,000 in student loan debt forgiveness. Your income ...