Department of Education under the Federal Student Loan Program are as follows- Name of Private Loan Eligible Candidates Required Credit Score Interest Rate Maximum Loan Amount Direct Subsidized Loans Undergraduate Students N.A. 6.53% Determined by the school and cannot exceed the financial need. ...
The department provides roughly 10% of K-12 funding and enforces federal civil rights in schools. However, it plays a much larger role in financing higher education. Managing approximately$1.5 trillion in student loan debtfor over 40 million borrowers, the Education Department represents one of th...
Education Department Issues New Student-Loan RegulationsThe regulations, which take effect in July, come at the end of a year marked by investigations into the nation's $85-billion-a-year student-loan industry, led by New York State's attorney general, Andrew M. Cuomo.By Paul Basken...
The 6 million student loan borrowers whose federal loans are serviced by Navient will eventually be transferred to a new servicer, Maximus, subject to the Education Department's approval, Navient said prior to its contract renewal. But Navient isn't the only student loan company that ...
The U.S. Department of Education has agreed to cancel the student loans of around 200,000 people who had brought a class action lawsuit.
Select as many as 20 schools to find out what student aid each may offer. (You can confirm whether the U.S. Department of Education considers your school an eligible institution using theDatabase of Accredited Postsecondary Institutions and Programsor theFederal School Code Search.) ...
The U.S. Department of Education on Friday launched a beta test of itsstudent debt relief application website. About 95% of Americans with student debt are expected to qualify for loan forgiveness under the Biden administration's plan.
You don't need to take any action if your student loan servicer is shutting down. The Education Department will handle the transition to a new servicer, and your loans will automatically be reassigned. Still, there are a few things you can do now to prepare, especially as theCOVID-19 ...
According to reports, officials from the Department of Education have suggested to the Biden administration that another extension be granted through January 2022. The freeze on student-loan repayments has been in place since March 2020 and has subsequently been extended four times. It’...
"During the beta testing period, borrowers will be able to submit applications for the Biden-Harris Administration's student debt relief program," said the Education Department spokesperson. "Those borrowers will not need to reapply if they submit their ap...