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The Pennsylvania Higher Education Assistance Agency ( PHEAA, better known as FedLoan [1]) is a quasi-governmental agency that administers several state-level and national higher education student financial aid programs.
The official launch of the application portal follows a beta test that offered borrowers periodic access over the weekend. The application is available until December 31, 2023.
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.
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, which are not repaid, and grants, which rarely have ...
The Biden administration announced multiple new student loan forgiveness initiatives that will trim billions in student debt for some borrowers.
Around 44% of federal student loan borrowers who begin repayment in October have a new loan service provider.
The National Student Loan Data System (NSLDS) is the U.S. Department of Education ’s (ED) central database for Federal Student Aid. [1] NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about ...
Americans owe over $1.7 trillion in federal student loan debt with a million borrowers defaulting every year.
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