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Federal Perkins Loan Program Federal Family Education Loan Program And William D Ford Federal Direct Loan Program Us Department Of Education Regulation Ed 2018 Edition
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Author :The Law The Law Library Publisher :Createspace Independent Publishing Platform ISBN 13 :9781723473043 Total Pages :30 pages Book Rating :4.4/5 (73 download)
Book Synopsis Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program (Us Department of Education Regulation) (Ed) (2018 Edition) by : The Law The Law Library
Download or read book Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program (Us Department of Education Regulation) (Ed) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-07-20 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition) The Law Library presents the complete text of the Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition). Updated as of May 29, 2018 The Secretary is amending the Federal Perkins Loan (Perkins Loan) Program, Federal Family Education Loan (FFEL) Program, and William D. Ford Federal Direct Loan (Direct Loan) Program regulations to implement the changes to the Higher Education Act of 1965, as amended (HEA), resulting from the enactment of the Third Higher Education Extension Act of 2006 (THEEA), Public Law 109-292. These interim final regulations reflect the provisions of the THEEA that authorize the discharge of the outstanding balance of certain Perkins, FFEL, and Direct Loan Program loans for survivors of eligible public servants and other eligible victims of the September 11, 2001, terrorist attacks. This book contains: - The complete text of the Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition) - A table of contents with the page number of each section
Author :The Law The Law Library Publisher :Createspace Independent Publishing Platform ISBN 13 :9781723575242 Total Pages :178 pages Book Rating :4.5/5 (752 download)
Book Synopsis Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program (Us Department of Education Regulation) (Ed) (2018 Edition) by : The Law The Law Library
Download or read book Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program (Us Department of Education Regulation) (Ed) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-07-22 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program (US Department of Education Regulation) (ED) (2018 Edition) The Law Library presents the complete text of the Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program (US Department of Education Regulation) (ED) (2018 Edition). Updated as of May 29, 2018 The Secretary amends the Student Assistance General Provisions, Federal Perkins Loan (Perkins Loan) Program, Federal Family Education Loan (FFEL) Program, and William D. Ford Federal Direct Loan (Direct Loan) Program regulations. These final regulations will: Amend the FFEL and Direct Loan program regulations to reflect changes made to the Higher Education Act of 1965, as amended (HEA), by the SAFRA Act included in the Health Care and Education Reconciliation Act of 2010; incorporate statutory changes to interest rates and other recent statutory changes in the Direct Loan Program regulations; update, strengthen, and clarify various areas of the Student Assistance General Provisions, Perkins Loan, FFEL, and Direct Loan program regulations; and provide for greater consistency in the regulations governing the title IV, HEA student loan programs. These final regulations will ensure that the title IV, HEA Federal student aid programs operate as efficiently as possible. This book contains: - The complete text of the Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program (US Department of Education Regulation) (ED) (2018 Edition) - A table of contents with the page number of each section
Author :The Law The Law Library Publisher :Createspace Independent Publishing Platform ISBN 13 :9781723593246 Total Pages :64 pages Book Rating :4.5/5 (932 download)
Book Synopsis William D. Ford Federal Direct Loan Program (Us Department of Education Regulation) (Ed) (2018 Edition) by : The Law The Law Library
Download or read book William D. Ford Federal Direct Loan Program (Us Department of Education Regulation) (Ed) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-07-23 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition) The Law Library presents the complete text of the William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition). Updated as of May 29, 2018 The Secretary amends the William D. Ford Federal Direct Loan Program (Direct Loan Program) regulations to reflect changes made to the program by the Moving Ahead for Progress in the 21st Century Act (MAP-21), Public Law 112-141. Specifically, these interim final regulations reflect the provisions in MAP-21 that amended the Higher Education Act of 1965, as amended (HEA) to extend the 3.4 percent interest rate on Direct Subsidized Loans from July 1, 2012, to July 1, 2013, and to ensure that a borrower may not receive Direct Subsidized Loans for more than 150 percent of the published length of the educational program in which the borrower is enrolled. Under the changes made by MAP-21, if the borrower exceeds this Direct Subsidized Loan limit, the borrower also becomes responsible for the accruing interest on the Direct Subsidized Loans. This book contains: - The complete text of the William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition) - A table of contents with the page number of each section
Author :The Law The Law Library Publisher :Createspace Independent Publishing Platform ISBN 13 :9781723471742 Total Pages :36 pages Book Rating :4.4/5 (717 download)
Book Synopsis Federal Direct Loan Programs - William D. Ford (Us Department of Education Regulation) (Ed) (2018 Edition) by : The Law The Law Library
Download or read book Federal Direct Loan Programs - William D. Ford (Us Department of Education Regulation) (Ed) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-07-20 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal Direct Loan Programs - William D. Ford (US Department of Education Regulation) (ED) (2018 Edition) The Law Library presents the complete text of the Federal Direct Loan Programs - William D. Ford (US Department of Education Regulation) (ED) (2018 Edition). Updated as of May 29, 2018 The Secretary amends the regulations governing the William D. Ford Federal Direct Loan (Direct Loan) Program. These regulations strengthen and improve administration of the Federal Direct PLUS Loan Program authorized under title IV of the Higher Education Act of 1965, as amended (HEA). This book contains: - The complete text of the Federal Direct Loan Programs - William D. Ford (US Department of Education Regulation) (ED) (2018 Edition) - A table of contents with the page number of each section
Author :The Law The Law Library Publisher :Createspace Independent Publishing Platform ISBN 13 :9781723571664 Total Pages :84 pages Book Rating :4.5/5 (716 download)
Book Synopsis Student Assistance General Provisions, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program (Us Department of Education Regulation) (Ed) (2018 Edition) by : The Law The Law Library
Download or read book Student Assistance General Provisions, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program (Us Department of Education Regulation) (Ed) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-07-22 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Student Assistance General Provisions, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition) The Law Library presents the complete text of the Student Assistance General Provisions, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition). Updated as of May 29, 2018 The Secretary amends the regulations governing the William D. Ford Federal Direct Loan (Direct Loan) Program to create a new income-contingent repayment plan in accordance with the President's initiative to allow more Direct Loan borrowers to cap their loan payments at 10 percent of their monthly incomes. The Secretary is also implementing changes to the Federal Family Education Loan (FFEL) Program and Direct Loan Program regulations to streamline and enhance existing processes and provide additional support to struggling borrowers. These regulations will also amend the Student Assistance General Provisions regulations by expanding the circumstances under which an institution may challenge or appeal a draft or final cohort default rate based on the institution's participation rate index. This book contains: - The complete text of the Student Assistance General Provisions, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program (US Department of Education Regulation) (ED) (2018 Edition) - A table of contents with the page number of each section
Book Synopsis Institutions and Lender Requirements Relating to Education Loans, Student Assistance General Provisions, Federal Perkins Loan Program by : Law Library
Download or read book Institutions and Lender Requirements Relating to Education Loans, Student Assistance General Provisions, Federal Perkins Loan Program written by Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-07-22 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Institutions and Lender Requirements Relating to Education Loans, Student Assistance General Provisions, Federal Perkins Loan Program (US Department of Education Regulation) (ED) (2018 Edition) The Law Library presents the complete text of the Institutions and Lender Requirements Relating to Education Loans, Student Assistance General Provisions, Federal Perkins Loan Program (US Department of Education Regulation) (ED) (2018 Edition). Updated as of May 29, 2018 The Secretary establishes new regulations regarding Institutions and Lender Requirements Relating to Education Loans, to implement requirements relating to education loans that were added to the Higher Education Act of 1965, as amended (HEA) by the Higher Education Opportunity Act of 2008 (HEOA). The Secretary also amends the regulations for Student Assistance General Provisions, the Federal Perkins Loan (Perkins Loan) Program, the Federal Family Education Loan (FFEL) Program, and the William D. Ford Federal Direct Loan (Direct Loan) Program to implement certain provisions of the HEA that involve school-based loan issues and that were affected by the statutory changes made to the HEA by the HEOA. This book contains: - The complete text of the Institutions and Lender Requirements Relating to Education Loans, Student Assistance General Provisions, Federal Perkins Loan Program (US Department of Education Regulation) (ED) (2018 Edition) - A table of contents with the page number of each section
Author :The Law The Law Library Publisher :Createspace Independent Publishing Platform ISBN 13 :9781723478413 Total Pages :26 pages Book Rating :4.4/5 (784 download)
Book Synopsis Federal Student Aid Programs - Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program (Us Department of Education Regulation) (Ed) (2018 Edition) by : The Law The Law Library
Download or read book Federal Student Aid Programs - Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program (Us Department of Education Regulation) (Ed) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-07-20 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal Student Aid Programs - Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program (US Department of Education Regulation) (ED) (2018 Edition) The Law Library presents the complete text of the Federal Student Aid Programs - Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program (US Department of Education Regulation) (ED) (2018 Edition). Updated as of May 29, 2018 On September 29, 2017, the Secretary published a document in the Federal Register announcing the updated waivers and modifications of statutory and regulatory requirements governing the Federal student financial aid programs under the authority of the Higher Education Relief Opportunities for Students Act of 2003 (HEROES Act). We are republishing this document to include the definitions of certain terms used in this document. We have made no changes to the waivers and modifications. This book contains: - The complete text of the Federal Student Aid Programs - Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program (US Department of Education Regulation) (ED) (2018 Edition) - A table of contents with the page number of each section
Author :The Law The Law Library Publisher :Createspace Independent Publishing Platform ISBN 13 :9781723571442 Total Pages :66 pages Book Rating :4.5/5 (714 download)
Book Synopsis Student Assistance General Provisions - Federal Perkins Loan Program - Federal Work-Study Programs - Federal Supplemental Educational Opportunity Grant (Us Department of Education Regulation) (Ed) (2018 Edition) by : The Law The Law Library
Download or read book Student Assistance General Provisions - Federal Perkins Loan Program - Federal Work-Study Programs - Federal Supplemental Educational Opportunity Grant (Us Department of Education Regulation) (Ed) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-07-22 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Student Assistance General Provisions - Federal Perkins Loan Program - Federal Work-Study Programs - Federal Supplemental Educational Opportunity Grant (US Department of Education Regulation) (ED) (2018 Edition) The Law Library presents the complete text of the Student Assistance General Provisions - Federal Perkins Loan Program - Federal Work-Study Programs - Federal Supplemental Educational Opportunity Grant (US Department of Education Regulation) (ED) (2018 Edition). Updated as of May 29, 2018 The Secretary amends title 34 to establish regulations for the Academic Competitiveness Grant (ACG) and National Science and Mathematics Access to Retain Talent Grant (National SMART Grant) programs. The Secretary also amends the regulations related to the Student Assistance General Provisions, Federal Perkins Loan Program, Federal Work-Study Programs, Federal Supplemental Educational Opportunity Grant Program, Federal Family Education Loan Program, William D. Ford Federal Direct Loan Program, and Federal Pell Grant Program. These interim final regulations and amendments are needed to implement provisions of the Higher Education Act of 1965 (HEA), as amended by the Higher Education Reconciliation Act of 2005 (HERA). This book contains: - The complete text of the Student Assistance General Provisions - Federal Perkins Loan Program - Federal Work-Study Programs - Federal Supplemental Educational Opportunity Grant (US Department of Education Regulation) (ED) (2018 Edition) - A table of contents with the page number of each section
Author :The Law The Law Library Publisher :Createspace Independent Publishing Platform ISBN 13 :9781723503214 Total Pages :70 pages Book Rating :4.5/5 (32 download)
Book Synopsis Foreign Institutions - Federal Student Aid Programs (Us Department of Education Regulation) (Ed) (2018 Edition) by : The Law The Law Library
Download or read book Foreign Institutions - Federal Student Aid Programs (Us Department of Education Regulation) (Ed) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-07-21 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign Institutions - Federal Student Aid Programs (US Department of Education Regulation) (ED) (2018 Edition) The Law Library presents the complete text of the Foreign Institutions - Federal Student Aid Programs (US Department of Education Regulation) (ED) (2018 Edition). Updated as of May 29, 2018 The Secretary amends the regulations for Institutional Eligibility Under the Higher Education Act of 1965, the Student Assistance General Provisions, the Federal Family Education Loan (FFEL) Program, and the William D. Ford Federal Direct Loan (Direct Loan) Program to implement provisions related to the eligibility of foreign institutions for participation in the Federal student aid programs that were added to the Higher Education Act of 1965, as amended (HEA), by the Higher Education Opportunity Act of 2008 (Pub. L. 110-315) (HEOA), as well as other provisions related to the eligibility of foreign institutions. This book contains: - The complete text of the Foreign Institutions - Federal Student Aid Programs (US Department of Education Regulation) (ED) (2018 Edition) - A table of contents with the page number of each section
Author :The Law The Law Library Publisher :Createspace Independent Publishing Platform ISBN 13 :9781723575556 Total Pages :96 pages Book Rating :4.5/5 (755 download)
Book Synopsis The Teacher Education Assistance for College and Higher Education (Teach) Grant Program and Other Federal Student Aid Programs (Us Department of Education Regulation) (Ed) (2018 Edition) by : The Law The Law Library
Download or read book The Teacher Education Assistance for College and Higher Education (Teach) Grant Program and Other Federal Student Aid Programs (Us Department of Education Regulation) (Ed) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-07-22 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program and Other Federal Student Aid Programs (US Department of Education Regulation) (ED) (2018 Edition) The Law Library presents the complete text of the The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program and Other Federal Student Aid Programs (US Department of Education Regulation) (ED) (2018 Edition). Updated as of May 29, 2018 The Secretary amends title 34 of the Code of Federal Regulations to establish regulations for the Teacher Education Assistance for College and Higher Education (TEACH) Grant program. The TEACH Grant program is a non-need-based grant program that provides up to $4,000 per year to students who are enrolled in an eligible program and who agree to teach in a high-need field, at a low-income elementary or secondary school for at least four years within eight years of completing the program for which the TEACH Grant was awarded. If the grant recipient fails to complete the required teaching service, the TEACH Grant is treated as a Federal Direct Unsubsidized Stafford Loan (Federal Direct Unsubsidized Loan). The Secretary also amends the regulations related to the Student Assistance General Provisions; the General Provisions for the Federal Perkins Loan Program, Federal Work-Study Program, and Federal Supplemental Educational Opportunity Grant Program; the Federal Perkins Loan Program; the Federal Work-Study Program; the Federal Supplemental Educational Opportunity Grant Program; the Federal Family Education Loan (FFEL) Program; the William D. Ford Federal Direct Loan Program; and the Federal Pell Grant Program to implement the TEACH Grant program. These regulations are needed to implement provisions of the Higher Education Act of 1965 (HEA), as amended by the College Cost Reduction and Access Act of 2007 (CCRAA). This book contains: - The complete text of the The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program and Other Federal Student Aid Programs (US Department of Education Regulation) (ED) (2018 Edition) - A table of contents with the page number of each section
Book Synopsis Paying for College Without Going Broke, 2018 Edition by : The Princeton Review
Download or read book Paying for College Without Going Broke, 2018 Edition written by The Princeton Review and published by Princeton Review. This book was released on 2017-11-07 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Make sure you’re preparing with the most up-to-date materials! Look for The Princeton Review’s newest edition of this book, Paying for College, 2019 Edition (ISBN: 9780525567554, on-sale September 2018). Publisher's Note: Products purchased from third-party sellers are not guaranteed by the publisher for quality or authenticity, and may not include access to online tests or materials included with the original product.
Author :Congressional Research Congressional Research Service Publisher :CreateSpace ISBN 13 :9781507734537 Total Pages :70 pages Book Rating :4.7/5 (345 download)
Book Synopsis Federal Student Loans Made Under the Federal Family Education Loan Program and the William D. Ford Federal Direct Loan Program by : Congressional Research Congressional Research Service
Download or read book Federal Student Loans Made Under the Federal Family Education Loan Program and the William D. Ford Federal Direct Loan Program written by Congressional Research Congressional Research Service and published by CreateSpace. This book was released on 2015-01-21 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: The William D. Ford Federal Direct Loan (DL) program, authorized under Title IV, Part D of the Higher Education Act of 1965 (HEA), as amended, is the primary federal student loan program administered by the U.S. Department of Education (ED). The program makes available loans to undergraduate and graduate students and the parents of dependent undergraduate students to help them finance their postsecondary education expenses. Four types of loans are offered: Subsidized Stafford Loans for undergraduate students; Unsubsidized Stafford Loans for undergraduate and graduate students; PLUS Loans for graduate students and the parents of dependent undergraduate students; and Consolidation Loans through which borrowers may combine multiple loans into a single loan. For FY2015, ED estimates that 19.1 million loans (not including Consolidation Loans) totaling $101.6 billion will be made to students and their parents through the DL program. Federal Family Education Loan (FFEL) program loans are no longer being made; however, approximately $304 billion in outstanding FFEL program loans are due to be repaid over the coming years. FFEL and DL program loans are low-interest loans, with maximum interest rates for each type of loan established by statute. Subsidized Stafford Loans are unique in that they are only available to undergraduate students demonstrating financial need. With certain exceptions, the federal government pays the interest that accrues on Subsidized Stafford Loans while the borrower is enrolled in school on at least a half-time basis, during a six-month grace period thereafter, and during periods of authorized deferment. Unsubsidized Stafford Loans and PLUS Loans are available to borrowers irrespective of their financial need; and borrowers are responsible for paying all the interest that accrues on these loans. FFEL and DL program loans have terms and conditions that may be more favorable to borrowers than private and other nonfederal loans. These beneficial terms and conditions include interest rates that are often lower than rates that might be obtained from other lenders, opportunities for repayment relief through deferment and forbearance, loan consolidation, and several loan forgiveness programs. This report discusses major provisions of federal student loans made available through the DL program and previously made through the FFEL program. It focuses on provisions related to borrower eligibility, loan terms and conditions, borrower repayment relief, and loan default and its consequences for borrowers. These topics are principally discussed with regard to loans currently being made through the DL program, or made in the recent past through either program. The report also provides detailed historical information on annual and aggregate borrowing limits, loan fees, and student loan interest rates.
Book Synopsis The U.S. Department of Education's Federal Student Aid Programs... by :
Download or read book The U.S. Department of Education's Federal Student Aid Programs... written by and published by . This book was released on 1998 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Direct Loans written by and published by . This book was released on 1996 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Federal Student Loans Made Under the Federal Family Education Loan Program and the William D. Ford Federal Direct Loan Program by : David P. Smole
Download or read book Federal Student Loans Made Under the Federal Family Education Loan Program and the William D. Ford Federal Direct Loan Program written by David P. Smole and published by Createspace Independent Pub. This book was released on 2013-03-13 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The William D. Ford Federal Direct Loan (DL) program, authorized under Title IV, Part D of the Higher Education Act of 1965 (HEA), as amended, is the primary federal student loan program administered by the U.S. Department of Education (ED). The program makes available loans to undergraduate and graduate students and the parents of dependent undergraduate students to help them finance their postsecondary education expenses. The following types of loans are currently offered through the DL program: Subsidized Stafford Loans for undergraduate students; Unsubsidized Stafford Loans for undergraduate and graduate students; PLUS Loans for graduate students and the parents of dependent undergraduate students; and Consolidation Loans through which borrowers may combine multiple loans into a single loan. For FY2013, ED estimates that 22.5 million loans (not including Consolidation Loans) totaling $120.8 billion will be made to students and their parents through the DL program. Until July 1, 2010, Subsidized Stafford Loans, Unsubsidized Stafford Loans, PLUS Loans, and Consolidation Loans were also available through the Federal Family Education Loan (FFEL) program, authorized under Title IV, Part B of the HEA. The SAFRA Act, part of the Health Care and Education Reconciliation Act of 2010 (HCERA; P.L. 111-152), terminated the authority to make new loans under the FFEL program after June 30, 2010. While new loans may no longer be made through the FFEL program, approximately $289 billion in FFEL program loans are outstanding and are due to be repaid over the coming years. FFEL and DL program loans are low-interest loans, with maximum interest rates for each type of loan established by statute. Subsidized Stafford Loans are unique in that they are only available to undergraduate students demonstrating financial need. With certain exceptions, the federal government pays the interest that accrues on Subsidized Stafford Loans while the borrower is enrolled in school on at least a half-time basis, during a six-month grace period thereafter, and during periods of authorized deferment. Unsubsidized Stafford Loans and PLUS Loans are available to borrowers irrespective of their financial need; and borrowers are responsible for paying all the interest that accrues on these loans. FFEL and DL program loans have terms and conditions that may be more favorable to borrowers than private and other non-federal loans. These beneficial terms and conditions include interest rates that are often lower than rates that might be obtained from other lenders, opportunities for repayment relief through deferment and forbearance, loan consolidation, and several loan forgiveness programs. In the recent years, numerous changes were made to the terms and conditions of DL program loans. The Budget Control Act of 2011 (BCA; P.L. 112-25) eliminated the availability of Subsidized Stafford Loans to graduate and professional students for periods of instruction beginning on or after July 1, 2012; and terminated the availability of certain repayment incentives for loans made on or after July 1, 2012. The Consolidated Appropriations Act, FY2012 (P.L. 112-74) eliminated interest subsidies during the six-month post-enrollment grace period on Subsidized Stafford Loans disbursed between July 1, 2012, and June 30, 2014. The Moving Ahead for Progress in the 21st Century Act (MAP-21; P.L. 112-141) lowered the interest rate from 6.8% to 3.4% on Subsidized Stafford Loans made between July 1, 2012, and June 30, 2013. Also, for individuals who are new borrowers on or after July 1, 2013, MAP-21 restricted both the period during which individuals may borrow Subsidized Stafford Loans and the period during which the in-school interest subsidy may be provided to 150% of the published length of their educational program.
Book Synopsis Federal Student Loan Programs Data Book by : Donald Conner
Download or read book Federal Student Loan Programs Data Book written by Donald Conner and published by . This book was released on 1997 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Direct Loans, William D. Ford Federal Direct Loan Program by :
Download or read book Direct Loans, William D. Ford Federal Direct Loan Program written by and published by . This book was released on 1996 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:
