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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]
Now there's a "fun" new way to keep tabs on the ever-increasing debt burden on young people who are entering New Clock Lets You Watch Student Loan Debt Grow in Real Time Skip to main content
60% of graduate students take out federal student loans. 47% of U.S. adults say that money issues negatively impact their mental health, according to Bankrate’s Money and Mental Health Survey ...
In June, 43.6 million Americans held federal student loan debt, with an average balance of $38,000 per borrower. In total, the U.S. has a collective balance of over $1.7 trillion in student loans ...
National Debt Clock. Coordinates: 40.7555°N 73.9848°W. The clock at its former location near Sixth Avenue and 44th Street in February 2017, at which time it read $19.9 trillion in national debt. The National Debt Clock is a billboard-sized running total display that shows the United States gross national debt and each American family's share ...
The National Student Loan Data System (NSLDS) is the U.S. Department of Education ’s (ED) central database for Federal Student Aid. [1] NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that ...
Biden administration has canceled $9.5 billion in student debt so far. Federal actions amid the pandemic led to roughly $100 billion in total student loan forgiveness between March 2020 and ...
The organization also calls for the removal of exemptions given uniquely to the student loan industry from Fair Debt Collection Practices Act, the Truth in Lending Act, and state usury laws. StudentLoanJustice.org has 16,080 members in its Facebook group and additional members in its various mailers and lists.
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