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  2. Student loans: Biden debuts application for new affordable ...

    www.aol.com/finance/student-loans-biden-debuts...

    August 1, 2023 at 2:27 PM. Student loan borrowers can now apply for what the Biden administration called " the most affordable repayment plan in history ." The Education Department this week ...

  3. Federal vs. private student loans: What’s the difference? - AOL

    www.aol.com/finance/federal-vs-private-student...

    Federal student loans. Private student loans. Interest rates. 5.50% to 8.05% for loans disbursed before July 1, 2024. 6.53% to 9.08% fixed for loans disbursed after July 1, 2024

  4. Flex Modification Program (FMP): Everything you need to know

    www.aol.com/finance/flex-modification-program...

    The Flex Modification program helps homeowners experiencing financial hardship to extend their loan term and reduce principal and interest payments. The program can reduce payments by up to 20 ...

  5. Income-driven repayment - Wikipedia

    en.wikipedia.org/wiki/Income-driven_repayment

    Income-driven repayment. Income-based repayment or income-driven repayment (IDR), is a student loan repayment program in the United States that regulates the amount that one needs to pay each month based on one's current income and family size. The phrase is an umbrella term for four specific repayment plans that are available within the ...

  6. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    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]

  7. Pay As You Earn - Wikipedia

    en.wikipedia.org/wiki/Pay_As_You_Earn

    Only new borrowers may qualify if they received a disbursement on a loan on or after October 1, 2011. One qualifies as a new borrower if he/she had no outstanding balance on a Direct Loan or FFEL Program loan when he/she received a Direct Loan or FFEL Program loan on or after October 1, 2007. As with Income-Based Repayment (IBR), the borrower ...

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