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  2. Student loans in the United States - Wikipedia

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

    In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [41] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing doesn't cover all college ...

  3. Higher Education Act of 1965 - Wikipedia

    en.wikipedia.org/wiki/Higher_Education_Act_of_1965

    At the insistence of some in Congress, the 1992 reauthorization included a pilot program of direct lending, planting the seed for a full-blown Direct Student Loan Program proposed in Clinton's first year as president. [12] A third change to the loan program was to pilot an income-contingent repayment option.

  4. 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]

  5. Student loans: Biden's changes to repayment plans should go ...

    www.aol.com/finance/student-loans-bidens-changes...

    Discretionary income . The second change decreases the amount of your discretionary income that goes toward your loan payment from the current 10% to 5% for undergraduate loans only.

  6. The state of student loan forgiveness: What borrowers ... - AOL

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

    As of May 2024, The Biden-Harris Administration has provided $153 billion in debt relief to nearly 4.3 million student loan borrowers. In the summer of 2023, the Supreme Court ruled to strike down ...

  7. Student Loan Forgiveness: Update to Biden’s REPAYE Program ...

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

    In an updated guidance in October 2022, the Department “maintained that borrowers who cross the 20 or 25-year threshold following the account adjustment would start receiving student loan ...

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