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Why is New Jersey's ranking so high? ... In New Jersey, the average student loan debt grew $1,954 from the end of 2023, ... (an office of the Department of Education). ...
The Higher Education Student Assistance Authority (HESAA) is a New Jersey State chartered-loan program, charged with providing student loan financing programs. [1] It has received criticism in the New York Times for what the paper called its "extraordinarily stringent rules".
It initially asked to offload its responsibilities to another federal loan servicer, Maximus Inc. [17] In October 2021, the Department of Education approved the plan for Navient to transfer outstanding Department of Education owned federal loans and select personnel to Maximus through a newly formed federal loan servicing unit called Aidvantage.
The U.S. Department of Education administers federal student aid programs such as Pell Grants, direct loans and work-study programs. These initiatives help students afford to attend college and ...
Similar loans are now provided under the Federal Direct Student Loan Program, which are federal loans issued directly by the United States Department of Education. The FFEL was initiated by the Higher Education Act of 1965 and was funded through a public/private partnership administered at the state and local level.
In a July 14 news release, the U.S. Department of Education said it would begin notifying borrowers that the loans will be “automatically discharged” in the coming weeks.
The arm that managed private and federal student loans was known as ACS Education Services. The Department of Education dropped ACS’ loan servicing contract in 2013, though ACS continued to ...
The New Jersey Higher Education Student Assistance Authority (NJHESAA) manages these programs. They include memorial scholarships, such as the Law Enforcement Officer Memorial Scholarship (for children of New Jersey law enforcement officers killed in the line of duty), [ 1 ] and World Trade Center Scholarship Fund (for children of September ...