Remove 2024 Remove Application Remove Student loans
article thumbnail

Department of Education Resumes Federal Student Loan Collections After Four-Year Pause

Diverse: Issues in Higher Education

Department of Education announced this week that its Office of Federal Student Aid (FSA) will resume collections on defaulted federal student loans beginning Monday, May 5, 2025, ending a pause that has been in effect since March 2020. million borrowers owing more than $1.6 Additionally, nearly 1.9

article thumbnail

New Mexico' to Provide Student Loan Forgiveness for Students Enrolling in Health Programs

Diverse: Issues in Higher Education

New Mexico's Higher Education Department has announced that it is accepting applications for a program that will provide up to 100 percent student loan forgiveness for New Mexico residents who graduated from one of the 23 out-of-state professional and graduate programs.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Overview of Federal Direct Student Loans

College Planners of America

Interest begins to accrue from the time the loan is disbursed, and borrowers are responsible for paying all of the interest. Application Process The process of applying for Federal Direct Loans begins with the completion of the Free Application for Federal Student Aid (FAFSA) and submitting it to the ED.

article thumbnail

The Department of Education Pauses Processing of TPD Discharges from Dec. 20, 2024, to early Mar. 2025 – What You Should Know

NCLC Student Loan Borrower Assistance

On December 20, 2024, the Department of Education announced that it is temporarily pausing the processing of Total and Permanent Disability (TPD) discharge applications. The TPD processing pause will last from December 20, 2024, to early March 2025. What is the Total and Permanent Disability (TPD) Discharge Program?

article thumbnail

The Best Student Loans: How to Borrow Smarter

The College Pod

So, if you find you can't afford college without some amount of loans, it’s important to consider how much you borrow because you’ll have to pay it back later, with interest. Think of student loans as a double-edged sword. Federal Student Loans Federal student loans are usually the best place to start when borrowing for college.

article thumbnail

Last Chance for Many to Get More Credit Toward Student Loan Cancellation

NCLC Student Loan Borrower Assistance

The deadline to apply to consolidate many older federal student loans to be included in the one-time payment count adjustment is Tuesday, April 30th. Do I need to consolidate my loans to get additional credit toward debt relief? I have loans I need to consolidate – what do I do next?

article thumbnail

Student Loan Deadlines for 2022-2023: COVID-19 Relief, FAFSA and Others

Student Loan Hero

What are the COVID-19 student loan relief deadlines for federal debt repayments? You may have heard some student loan servicers are closing shop — when does that happen? Over next two years: Many federal student loan servicer contracts due to expire. 1: Free Application for Federal Student Aid (FAFSA) opens.