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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] It is the largest single source of federal financial aid for ...
Federal Student Aid ( FSA ), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds.
Public Service Loan Forgiveness. The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time ...
Any borrower with a direct federal student loan — except parent borrowers or those who are in default on their debt — qualify for the program.
Experian offers options to help cover college expenses, from a budget review to cost-cutting, to a part-time job and grants and scholarships, if federal student loans just aren't enough.
The map below summarizes each state’s total federal student loan balance, the number of borrowers and the average federal student debt per borrower as of March 31, 2023.
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