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The White House and the Department of Education released draft regulatory language for debt relief using the rulemaking process under the Higher Education Act.
Millions of borrowers will see their monthly student loan payments reduced starting in July, thanks to one of the Biden administration’s biggest changes to the federal student loan system to date.
Federal Direct Student Loan Program ... This act made major changes in student loan discharges for disabled people. ... In early 2023 the department published a ...
While the Supreme Court struck down President Joe Biden’s student loan forgiveness program in late June, a separate and significant change to the federal student loan system is moving ahead.
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] It is the largest single source of federal financial aid for ...
Student loan payments return Sunday with hope, confusion and fear clouding the restart after a three-year pause. The Biden administration is hoping to provide some relief to borrowers with a new ...
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