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  2. Student loans in the United States - Wikipedia

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

    In addition, since federal student loans do not limit the amount a lender can borrow, this has allowed public as well as private colleges to increase their tuitions. [47] In February 2023, the U.S. Supreme Court heard oral arguments in Biden v. Nebraska concerning President Biden's order to cancel student loan debt for an estimated 40 million ...

  3. Higher Education Relief Opportunities For Students Act

    en.wikipedia.org/wiki/Higher_Education_Relief...

    The Higher Education Relief Opportunities For Students (HEROES) Act ( Pub. L. 108–76 (text) (PDF)) was legislation passed unanimously by the United States Congress and signed into law by President George W. Bush on January 16, 2002. It was extended and amended in 2003, extended in 2005, and made permanent in 2007.

  4. Student loan forgiveness: Here's who's eligible and for how ...

    www.aol.com/news/student-loan-forgiveness-heres...

    For borrowers who received Pell Grants and meet the income limit, the amount of debt forgiveness will double to up to $20,000. Pell Grants are a form of federal aid available to low- and moderate ...

  5. 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]

  6. Student loans and bankruptcy: What you need to know - AOL

    www.aol.com/finance/student-loans-bankruptcy...

    Chapter 7. Chapter 13. Main features. All nonexempt assets will be sold to repay some of the debts you owe. You’ll keep your property, but you must repay your debts on an agreed-upon timeline

  7. Student Loan Forgiveness FAQs: Everything You Need to Know - AOL

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

    President Joe Biden announced a first-of-its-kind federal student loan cancellation plan Aug. 24 that would wipe out up to $20,000 worth of federal student loans for millions of Americans. The ...

  8. Student financial aid in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_financial_aid_in...

    An education loan is a loan taken out by the student (or parent) in order to pay for educational expenses. Unlike scholarships and grants, this money must be repaid with interest. Educational loan options include federal student loans, federal parent loans, private loans, and consolidation loans.

  9. Class-action settlement provides $7.5 billion in student loan ...

    www.aol.com/finance/class-action-settlement...

    Loaded 0%. The Education Secretary on Thursday announced a settlement of claims that would give roughly 264,000 student loan borrowers approximately $7.5 billion in debt relief. The settlement ...

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