|
Federal Direct Student Loan Program
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." It is the largest single source of federal financial aid for students and their parents pursuing post-secondary education and for many it is the first financial obligation they incur, leaving them with debt to be paid over a period of time that can be a decade or more as the average student takes 19.4 years. The program is named after William D. Ford, a former member of the U.S. House of Representatives from Michigan. Following the passage of the Health Care and Education Reconciliation Act of 2010, the Federal Direct Loan Program is the sole government-backed loan program in the United States. The program replaced the earlier Federal Family Education Loa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Education
The United States Department of Education is a Cabinet-level department of the United States government. It began operating on May 4, 1980, having been created after the Department of Health, Education, and Welfare was split into the Department of Education and the Department of Health and Human Services by the Department of Education Organization Act, which President Jimmy Carter signed into law on October 17, 1979. The Department of Education is administered by the United States Secretary of Education. It has 4,400 employees - the smallest staff of the Cabinet agencies - and an annual budget of $68 billion. The President's 2023 Budget request is for 88.3 billion, which includes funding for children with disabilities (IDEA), pandemic recovery, early childhood education, Pell Grants, Title I, work assistance, among other programs. Its official abbreviation is ED ("DoE" refers to the United States Department of Energy) but is also abbreviated informally as "DoEd". Purpose a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Service Loan Forgiveness
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 (CCRAA) to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. The program permits Direct Loan borrowers who make 120 qualifying monthly payments under a qualifying repayment plan, while working full-time for a qualifying employer, to have the remainder of their balance forgiven. The earliest time in which borrowers could receive forgiveness under the program was after October 1, 2017. The Department of Education reported that 2,215 borrowers had the remainder of their respective student loans forgiven under the program as of April 30, 2020 for a denial rate of 98.5%. The PSLF program has received criticism and has been the subject of litigation by loan-holders trying to discharge their student loans. Qualifying employers Government organizations o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Postsecondary Student Aid Study
The National Postsecondary Student Aid Study (NPSAS) is a study conducted every four years by the National Center for Education Statistics, a division of the Institute of Education Sciences in the U.S. Department of Education. This study captures data regarding how students pay for postsecondary education, with special attention to how families fund higher education. The NPSAS, which has been conducted periodically since 1987, has a complex design, utilizing sampling and weighting to achieve a sample that represents college students nationwide. Survey content The NPSAS collects data from a variety of sources: * Institutional student records are collected for each student enrolled in the study. These include student information such as major, admission test scores, grades, and financial data as well as institutional information such as the cost of tuition and institution type. * Student interviews ask about such things as language spoken in participants' childhood homes, expense ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stafford Student Loan Program
Stafford () is a market town and the county town of Staffordshire, in the West Midlands region of England. It lies about north of Wolverhampton, south of Stoke-on-Trent and northwest of Birmingham. The town had a population of 70,145 in the 2021 census, It is the main settlement within the larger borough of Stafford which had a population of 136,837 (2021). History Stafford means "ford" by a staithe (landing place). The original settlement was on a dry sand and gravel peninsula that offered a strategic crossing point in the marshy valley of the River Sow, a tributary of the River Trent. There is still a large area of marshland north-west of the town, which is subject to flooding and did so in 1947, 2000, 2007 and 2019. Stafford is thought to have been founded about AD 700 by a Mercian prince called Bertelin, who, legend has it, founded a hermitage on a peninsula named Betheney. Until recently it was thought that the remains of a wooden preaching cross from the time had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Blumenthal
Richard Blumenthal (; born February 13, 1946) is an American lawyer and politician who is the senior United States senator from Connecticut, a seat he has held since 2011. A member of the Democratic Party, he is one of the wealthiest members of the Senate, with a net worth over $100 million. He was Attorney General of Connecticut from 1991 to 2011. Born in Brooklyn, New York, Blumenthal attended Riverdale Country School, a private school in the Bronx. He graduated from Harvard College, where he was editor-in-chief of ''The Harvard Crimson''. He studied for a year at Trinity College, Cambridge, in England before attending Yale Law School, where he was editor-in-chief of the ''Yale Law Journal''. From 1970 to 1976, Blumenthal served in the United States Marine Corps Reserve, attaining the rank of sergeant. After law school, Blumenthal passed the bar and served as administrative assistant and law clerk for several Washington, D.C. figures. From 1977 to 1981, he was United States ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security (United States)
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration (SSA). The original Social Security Act was enacted in 1935,Social Security Act of 1935 and the current version of the Act, as amended, 2 USC 7 encompasses several social welfare and social insurance programs. The average monthly Social Security benefit for August 2022 was $1,547. The total cost of the Social Security program for the year 2021 was $1.145 trillion or about 5 percent of U.S. GDP. Social Security is funded primarily through payroll taxes called Federal Insurance Contributions Act tax (FICA) or Self Employed Contributions Act Tax (SECA). Wage and salary earnings in covered employment, up to an amount specifically determined by law (see tax rate table below), are subject to the Social Security payroll tax. Wage and salary earnings above this amount are not taxed. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Pew Charitable Trusts
The Pew Charitable Trusts is an independent non-profit, non-governmental organization (NGO), founded in 1948. With over 6 billion in assets, its stated mission is to serve the public interest by "improving public policy, informing the public, and invigorating civic life". History The Trusts was established by the merging of several charitable funds that had been established between 1948 and 1979. The original funds were created by J. Howard Pew, Mary Ethel Pew, Joseph N. Pew Jr., and Mabel Pew Myrin—the adult sons and daughters of Sun Oil Company founder Joseph N. Pew and his wife, Mary Anderson Pew. Honoring their parents' religious conviction that good works should be done quietly, the original Pew Memorial Foundation was a grantmaking organization that made donations anonymously. The foundation became the Pew Memorial Trust in 1956, based in Philadelphia, the donors' hometown. Between 1957 and 1979, six other trusts were created, representing the personal and complementar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Title IV
Title IV of the Higher Education Act of 1965 (HEA) covers the administration of the United States federal student financial aid programs. American colleges and universities are generally classified with regard to their inclusion under Title IV, such as under the U.S. Department of Education statistics. Content Title IV was one of eight titles: *Title I, General Provisions; *Title II, Teacher Quality Enhancement; *Title III, Strengthening Institutions; *Title IV, Student Assistance; *Title V, Developing Institutions; *Title VI, International Education Programs; *Title VII, Graduate and Postsecondary Improvement Programs; and *Title VIII, Additional Programs. Title IV contains nine parts that authorize a broad array of programs and provisions to assist students and their families in gaining access to and financing a postsecondary education. Programs authorized under this title are the primary sources of federal aid supporting postsecondary education. The act is sectione ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest Rate Graph
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower. Interest di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Total Dollars Entering Default
Total may refer to: Mathematics * Total, the summation of a set of numbers * Total order, a partial order without incomparable pairs * Total relation, which may also mean ** connected relation (a binary relation in which any two elements are comparable). * Total function, a partial function that is also a total relation Business * TotalEnergies, a French petroleum company * Total (cereal), a food brand by General Mills * Total, a brand of strained yogurt made by Fage * Total, a database management system marketed by Cincom Systems * Total Linhas Aéreas - a brazilian airline * Total, a line of dental products by Colgate Music and culture * Total (group), an American R&B girl group * '' Total: From Joy Division to New Order'', a compilation album * ''Total'' (Sebastian album) * ''Total'' (Total album) * ''Total'' (Teenage Bottlerocket album) * ''Total'' (Seigmen album) * ''Total'' (Wanessa album) * ''Total'' (Belinda Peregrín album) * ''Total 1'', an annual compilation al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Teacher Loan Forgiveness
{{Orphan, date=August 2014 The Teacher Loan Forgiveness program is a student loan forgiveness program by the United States Department of Education. This program is intended to encourage individuals to enter and continue in the teaching profession. Under this program, teachers who provide direct classroom teaching, or classroom-type teaching in a nonclassroom setting full-time for five complete and consecutive academic years in a Title 1 eligible school or school district may be eligible to receive loan forgiveness for their federal student loans. Eligibility Requirements To qualify for the Teacher Loan Forgiveness you must be a highly qualified teacher. You must not have had an outstanding balance on Direct Loans or Federal Family Education Loan (FFEL) Program loans as of Oct. 1, 1998, or on the date that you obtained a Direct Loan or FFEL Program loan after Oct. 1, 1998. You must have been employed in an elementary or secondary school that is in a school district that quali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
