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  2. Federal Direct Student Loan Program - Wikipedia

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

    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 lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]

  3. First on CNN: Biden administration launches new income ... - AOL

    www.aol.com/first-cnn-biden-administration...

    The SAVE plan, which applies to current and future federal student loan borrowers, will determine payments based on income and family size, and some monthly payments will be as small as $0.

  4. What Is President Biden’s SAVE Plan for Student Loan ... - AOL

    www.aol.com/president-biden-save-plan-student...

    The Saving on a Valuable Education plan, which rolled out in August 2023, is the latest income-driven repayment option for those with federal student loans. It took over from the Revised Pay-As ...

  5. Student loan borrowers get more clarity on Biden’s plan to ...

    www.aol.com/finance/student-loan-borrowers-more...

    The Federal Student Aid (FSA) website was updated this month to state that borrowers with 20 years (240 months) of payments for undergraduate debt or 25 years (300 months) of payments for graduate ...

  6. Income-driven repayment - Wikipedia

    en.wikipedia.org/wiki/Income-driven_repayment

    Income-driven repayment. Income-based repayment or income-driven repayment (IDR), is a student loan repayment program in the United States that regulates the amount that one needs to pay each month based on one's current income and family size. The phrase is an umbrella term for four specific repayment plans that are available within the ...

  7. Public Service Loan Forgiveness - Wikipedia

    en.wikipedia.org/wiki/Public_Service_Loan...

    The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [ 1]

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