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Download full textHegji, Alexandra – Congressional Research Service, 2023
The William D. Ford Federal Direct Loan (Direct Loan) program is the single largest source of federal financial assistance to support students' postsecondary educational pursuits. The U.S. Department of Education estimates that in FY2024, $85.8 billion in new loans will be made through the program. As of the end of the first quarter of FY2023,…
Descriptors: Student Loan Programs, Federal Aid, Federal Legislation, Debt (Financial)
Peer reviewed
Direct linkPartridge, Mark Allen; Schaller, Tracey King; Berry, Reanna L.; Routon, P. Wesley – Journal of School Choice, 2021
According to the Georgia Student Finance Commission (GSFC), the number of high school students enrolled at Georgia institutions of higher education has increased by 88% over the past 4 years and spending on dual enrollment programs has more than doubled during that period. As enrollment continues to increase, the Governor has enacted legislation…
Descriptors: Tuition, Cost Effectiveness, Dual Enrollment, High School Students
Project on Student Debt, 2019
U.S. citizens or permanent residents, enrolled at least half time in a qualified program at a participating school, not in default on a prior federal student loan, and not previously convicted of a drug offense while receiving federal financial aid are eligible to apply for a student loan. This chart summarizes the interest rates, loan limits, and…
Descriptors: Federal Legislation, Student Loan Programs, Federal Aid, Credit (Finance)
Project on Student Debt, 2018
U.S. citizens or permanent residents, enrolled at least half time in a qualified program at a participating school, not in default on a prior federal student loan, and not previously convicted of a drug offense while receiving federal financial aid are eligible to apply for a student loan. This chart summarizes the interest rates, loan limits, and…
Descriptors: Student Loan Programs, Federal Programs, Credit (Finance), Fees
Project on Student Debt, 2017
U.S. citizens or permanent residents, enrolled at least half time in a qualified program at a participating school, not in default on a prior federal student loan, and not previously convicted of a drug offense while receiving federal financial aid are eligible to apply for a student loan. This chart summarizes the interest rates, loan limits, and…
Descriptors: Student Loan Programs, Federal Programs, Credit (Finance), Fees
Williams-Wyche, Shaun – Midwestern Higher Education Compact, 2019
Student loans can help fill cost gaps created by insufficient grants, scholarships, and family income in funding a postsecondary education. Whereas receipt of grant aid does not require repayment, student loans must be repaid with interest. Loans provide students with additional choices, such as living independently (instead of living with parents…
Descriptors: Student Loan Programs, Federal Programs, Credit (Finance), State Programs
Love, Ivy; Campbell, Colleen – Association of Community College Trustees, 2017
A quality education is the primary instrument of social and economic mobility in the United States. As open-access institutions, community colleges are the gateway to postsecondary education for millions of Americans. Many of these students would be unable to afford college without federal resources, such as student financial aid and tax credits.…
Descriptors: Student Financial Aid, Two Year College Students, Community Colleges, Student Needs
