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  2. Federal Direct Student Loan Program - Wikipedia

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

    In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]

  3. Student financial aid in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_financial_aid_in...

    An education loan is a loan taken out by the student (or parent) to pay for educational expenses. Unlike scholarships and grants, this money must be repaid with interest. Educational loan options include federal student loans, federal parent loans, private loans, and consolidation loans.

  4. FAFSA - Wikipedia

    en.wikipedia.org/wiki/FAFSA

    Direct Subsidized Loans have fixed interest rates for the life-time of the loan. The interest rates for new loans are set yearly by the U.S. Congress. Federal Direct Unsubsidized Loan - Part of the Federal Direct Student Loan Program, Federal Direct Unsubsidized Loans are not need-based, meaning that nearly all students are eligible to receive ...

  5. Federal Family Education Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Family_Education...

    In 2007-08, FFEL served 6.5 million students and parents, lending a total of $54.7 billion in new loans (or 80% of all new federal student loans). Since 1965, 60 million Americans have used FFEL loans to pay for education expenses.

  6. Citibank Student Loans: What You Need to Know - AOL

    www.aol.com/news/citibank-student-loans-know...

    My student loans were part of the 2010 deal that sent $28 billion from Citi’s federal student loan portfolio to Sallie Mae. At that same time, Discover also took over more than $4 billion in ...

  7. Have Student Loans? It’s Possible To Have Them Forgiven - AOL

    www.aol.com/finance/student-loans-possible-them...

    However, if the monthly amount to pay back the student loan over 10 years is too great, you can apply for an income-driven repayment plan. These plans structure repayment over 20-25 years, and the ...

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