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The last year has been quite a season of change in the student loan industry, including the fourth extension to freeze student loan payments. Both servicers and borrowers alike have experienced ...
In an updated guidance in October 2022, the Department “maintained that borrowers who cross the 20 or 25-year threshold following the account adjustment would start receiving student loan ...
The recent end of President Joe Biden's federal student loan forgiveness plan at the hands of the U.S. Supreme Court has left millions of borrowers scrambling to come up with a strategy to begin...
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]
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 ...
The student loan payment pause -- which was set to end Dec. 31, 2022 -- will be extended to the end of June 2023 as the Biden administration awaits the Supreme Court's ruling on the federal student...
Higher Education Act of 1965. An Act to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in post-secondary and higher education. The Higher Education Act of 1965 ( HEA) ( Pub. L. 89–329) was legislation signed into United States law on November 8, 1965, as part of President ...
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 ...