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GAO Releases Data on Return to Student Loan Repayments

Diverse: Issues in Higher Education

Nearly a third of borrowers whose federal student loans entered repayment in October 2023, following the COVID-19 pandemic extended pause, are past due on the payments, according to a newly released report from the U.S. The above pie chart shows the number of federal student loan borrowers in repayment by status, as of Jan.

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How Student Loan Amortization Works and How to Handle It

Student Loan Planner

Student loans are rapidly becoming part of everyday life for many people. When paying down your student loan balance, student loan interest, your monthly payment and your principal all interact through a process called amortization.

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What You Need to Know Before You Borrow Student Loans

CFAA College Financial Aid Advisors

Borrowing student loans is a significant financial decision that can have long-lasting implications on your student’s future. While loans can help make higher education more accessible, it’s crucial to approach borrowing with careful consideration and awareness.

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Student Loan Repayment Support

HEAG

With the Supreme Court scheduled to issue a verdict on President Biden’s student loan forgiveness plan in the coming days, a final date may finally be available for when students are scheduled to begin their repayment later this year. If … Read more ».

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Entrance Counseling for Federal Student Loans – Part 3

College Planners of America

This post is a continuation of the last two that summarized Modules 1 and 2 of the Student Loan Entrance Counseling (SLEC). Module 3, “Federal Student Loans”, is summarized in this post. SLEC ensures that a student understands their rights and responsibilities with Federal loans prior to entering into a loan agreement.

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Finish Your FAFSA, Find Your Future: Solutions for Black Students and HBCUs Navigating the FAFSA Rollout

Diverse: Issues in Higher Education

The delays have since added to budget drafting challenges due to enrollment unpredictability, potential errors in the amount of financial aid awarded to students, and institutions falling behind schedule with limited time and resources to catch up.

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Entrance Counseling for Federal Student Loans – Part 2

College Planners of America

When a student is approved for a Federal student loan for the first time, they’re required to complete Student Loan Entrance Counseling (SLEC), an online course offered by the Office of Federal Student Aid (FSA), the agency within the U.S.