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According to the Education Data Initiative, 43.2 million Americans currently have federal student loan debt, with the average federal student loan debt balance sitting at $37,088.
You can see who services your student loans by checking your credit reports or logging into your Federal Student Aid account. Pay Aspire loans by check, set up automatic withdrawal...
Federal Direct Student Loan Program. 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 National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED) central database for Federal Student Aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program , and other ED programs.
Biden's new payment plan, known as the SAVE Plan, offers a faster path to forgiveness than earlier versions. More people are now becoming eligible for loan cancellation as they hit 10 years of ...
AES was created to guarantee and service a variety of Federal Family Education Loan Program (FFELP) and private student loan products for lending partners nationwide. PHEAA exited the FedLoan Servicing Market in December 2022.
US student loan servicers include Navient, FedLoan Servicing (PHEAA), MOHELA, HESC/EdFinancial, Granite State - GSMR, OSLA Servicing, and Debt Management and Collections System. In recent years, some student loan servicers have gone under legal scrutiny for alleged wrongdoing.
The Biden-Harris administration announced early this morning that it will automatically discharge $1.2 billion in federal student loans for eligible borrowers.
The Higher Education Loan Authority of the State of Missouri, also known as the Missouri Higher Education Loan Authority or MOHELA is one of the largest holders and servicers of student loans in the United States.
Start by looking over your budget and seeing where you can cut out expenses and make more room for your student loans. This can help you pay them off sooner and save on interest.