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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]
IX §§ 591-592, 601-602. The National Defense Education Act ( NDEA) was signed into law on September 2, 1958, providing funding to United States education institutions at all levels. [ 1] NDEA was among many science initiatives implemented by President Dwight D. Eisenhower in 1958 to increase the technological sophistication and power of the ...
In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [ 1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...
Claiborne Pell. The Higher Education Amendments of 1972 reauthorized the three campus-based programs, leaving the Economic Opportunity Grant Program with the same name, but renaming the two others: the National Defense Student Loan Program became the National Direct Student Loan or Federal Direct Student Loan Program and the Federal Supplemental Educational Opportunity Grant Program ().
The legislation significantly expanded the student loan program by creating an "unsubsidized" version of the loans available to any student, regardless of whether the financial aid formulas determined that they had unmet need. [9] In the 1992 presidential campaign universal access to loans had become a policy supported by both major candidates ...
The Public Service Loan Forgiveness provides student debt forgiveness to those who have worked at least 10 years in public service jobs with federal, state, local, or certain non-profit ...
Ensuring Continued Access to Student Loans Act of 2008 Expanded the Federal Family Education Loan Program. Pub. L. Tooltip Public Law (United States) 110–350 (text) 2008 Supplemental Appropriations Act, 2008: Included the Post-9/11 Veterans Educational Assistance Act of 2008, which provided student financial aid benefits for veterans.
A borrower defense loan discharge occurs when a borrower can show that their college or university violated state law related to your student loan or related to the educational services provided ...