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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. Income-driven repayment - Wikipedia

    en.wikipedia.org/wiki/Income-driven_repayment

    A borrower is a "new borrower" if, when receiving a federal student loan on or after October 1, 2007, the borrower did not have an outstanding balance on another federal student loan. [2] The Revised Pay As You Earn Plan is available to all Direct Loan borrowers regardless of when the money was borrowed.

  4. 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.

  5. Something new is happening with Mohela student loans - AOL

    www.aol.com/something-happening-mohela-student...

    It was worth it, but over time interest rates grew higher than my undergraduate loan — plus, Uncle Sam wasn’t shy about handing out money. I take full responsibility for taking Unc’s cash.

  6. Biden forgives $5 billion more in student loans for over ...

    www.aol.com/biden-forgives-5-billion-more...

    The Education Department has forgiven another $4.8 billion in student loans for roughly 80,000 borrowers. Biden forgives $5 billion more in student loans for over 80,000 borrowers. Who qualified?

  7. Student loans: New loan servicers may complicate payment ...

    www.aol.com/finance/student-loans-loan-servicers...

    Around 44% of federal student loan borrowers who begin repayment in October have a new loan service provider, according to the Consumer Financial Protection Bureau, after three loan service ...

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