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Student loans in the United States

Index Student loans in the United States

Student loans are a form of financial aid used to help students access higher education. [1]

83 relations: American Student Assistance, AmeriCorps, Andrew Cuomo, Annual percentage rate, Associated Press, Bankruptcy, Bankruptcy discharge, British Bankers' Association, Cancellation of Debt (COD) Income, CNNMoney, Cold War, College tuition in the United States, CommonBond, Consumer Financial Protection Bureau, Credit score, Disposable and discretionary income, EdFund, Education Management Corporation, Expected Family Contribution, FAFSA, Federal Family Education Loan Program, Federal government of the United States, Federal Perkins Loan, Federal Reserve Bank of New York, Financial endowment, Forbearance, Free education, Frontline (U.S. TV series), Grace period, Grant (money), Higher education, Higher Education Act of 1965, Higher education bubble in the United States, Higher education in the United States, Higher Education Price Index, Institute for College Access and Success, Internal Revenue Service, Kickback (bribery), LendKey, Libor, Loan guarantee, Loan servicing, Major (academic), Mechanicsburg, Pennsylvania, National Autonomous University of Mexico, National Consumer Law Center, National Defense Education Act, Nelnet, Origination fee, Peace Corps, ..., Pell Grant, PLUS Loan, Prime rate, Private student loan (United States), Private university, Promissory note, Reduced-price meal, Sallie Mae, Scholarship, Social Security Administration, SoFi, Soviet Union, Sputnik 1, Stafford Loan, Student Aid and Fiscal Responsibility Act, Student debt, Student financial aid (Finland), Student financial aid (United States), Student loan, Student loans in the United States, Tax Cuts and Jobs Act of 2017, Tax deduction, The Wall Street Journal, Tuition centre, Tuition freeze, Tuition payments, Tutoring agency, United States Code, United States Congress, United States Department of Education, United States Department of the Treasury, USA Today, Wealth inequality in the United States. Expand index (33 more) »

American Student Assistance

American Student Assistance (ASA) is a national non-profit organization whose mission is to help students know themselves, know their options, and make informed choices to achieve their education and career goals.

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AmeriCorps

AmeriCorps is a voluntary civil society program supported by the U.S. federal government, foundations, corporations, and other donors engaging adults in public service work with a goal of "helping others and meeting critical needs in the community." Members commit to full-time or part-time positions offered by a network of nonprofit community organizations and public agencies, to fulfill assignments in the fields of education, public safety, health care, and environmental protection.

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Andrew Cuomo

Andrew Mark Cuomo (born December 6, 1957) is an American politician, author, and lawyer serving as the 56th and current Governor of New York, since 2011.

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Annual percentage rate

The term annual percentage rate of charge (APR), corresponding sometimes to a nominal APR and sometimes to an effective APR (or EAPR), is the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, etc.

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Associated Press

The Associated Press (AP) is a U.S.-based not-for-profit news agency headquartered in New York City.

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Bankruptcy

Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors.

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Bankruptcy discharge

A discharge in United States bankruptcy law, when referring to a debtor's discharge, is a statutory injunction against the commencement or continuation of an action (or the employment of process, or an act) to collect, recover or offset a debt as a personal liability of the debtor.

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British Bankers' Association

The British Bankers' Association (BBA) was a trade association for the UK banking and financial services sector.

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Cancellation of Debt (COD) Income

Taxpayers in the United States may have tax consequences when debt is cancelled.

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CNNMoney

CNNMoney.com is a financial news and information website, operated by CNN.

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Cold War

The Cold War was a state of geopolitical tension after World War II between powers in the Eastern Bloc (the Soviet Union and its satellite states) and powers in the Western Bloc (the United States, its NATO allies and others).

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College tuition in the United States

College tuition in the United States is the privately borne cost of higher education collected by educational institutions in the United States, excluding the portion that is paid through taxes or from other government funds as supply-side subsidies to colleges and universities, or demand-side subsidies to students, or that is paid from university endowment funds or gifts through scholarships or grants.

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CommonBond

CommonBond is a marketplace lender that refinances graduate and undergraduate student loans for university graduates.

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Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector.

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Credit score

A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual.

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Disposable and discretionary income

Disposable income is total personal income minus personal current taxes.

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EdFund

EdFund is the United States' second largest provider of student loan guarantee services under the Federal Family Education Loan Program (FFELP).

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Education Management Corporation

Education Management Corporation ("EDMC") is a Pittsburgh, Pennsylvania-based operator of for-profit post-secondary educational institutions in the United States and Canada.

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Expected Family Contribution

Expected Family Contribution (EFC) is an estimate of the parents' and/or the student's ability to contribute to a year of post-secondary education expenses.

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FAFSA

The Free Application for Federal Student Aid (FAFSA) is a form that can be prepared annually by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid.

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Federal Family Education Loan Program

The Federal Family Education Loan (FFEL) Program was the second largest of the U.S. higher education loan programs (Direct Loans being the first).

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Federal government of the United States

The federal government of the United States (U.S. federal government) is the national government of the United States, a constitutional republic in North America, composed of 50 states, one district, Washington, D.C. (the nation's capital), and several territories.

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Federal Perkins Loan

A Federal Perkins Loan, or Perkins Loan, is a need-based student loan offered by the U.S. Department of Education to assist American college students in funding their post-secondary education.

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Federal Reserve Bank of New York

The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States.

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Financial endowment

A financial endowment is a donation of money or property to a nonprofit organization for the ongoing support of that organization.

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Forbearance

In the context of a mortgage process, forbearance is a special agreement between the lender and the borrower to delay a foreclosure.

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Free education

Free education is education funded through taxation or charitable organizations rather than tuition funding.

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Frontline (U.S. TV series)

Frontline (styled by the program as FRONTLINE) is the flagship investigative journalism series of the Public Broadcasting Service (PBS), producing in-depth documentaries on a variety of domestic and international stories and issues, and broadcasting them on air and online.

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Grace period

A grace period is a period immediately after the deadline for an obligation during which a late fee, or other action that would have been taken as a result of failing to meet the deadline, is waived provided that the obligation is satisfied during the grace period.

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Grant (money)

Grants are non-repayable funds or products disbursed or gifted by one party (grant makers), often a government department, corporation, foundation or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual.

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Higher education

Higher education (also called post-secondary education, third-level or tertiary education) is an optional final stage of formal learning that occurs after completion of secondary education.

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Higher Education Act of 1965

The Higher Education Act of 1965 (HEA) was legislation signed into United States law on November 8, 1965, as part of President Lyndon Johnson's Great Society domestic agenda.

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Higher education bubble in the United States

The higher education bubble in the United States is a claim that excessive investment in higher education could have negative repercussions in the broader economy.

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Higher education in the United States

Higher education in the United States is an optional final stage of formal learning following secondary education.

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Higher Education Price Index

The Higher Education Price Index (HEPI) is a measure of the inflation rate applicable to United States higher education.

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Institute for College Access and Success

The Institute for College Access and Success (TICAS) is a non-profit organization that works to make higher education more available and affordable for people in the United States.

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Internal Revenue Service

The Internal Revenue Service (IRS) is the revenue service of the United States federal government.

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Kickback (bribery)

A kickback is a form of negotiated bribery in which a commission is paid to the bribe-taker in exchange for services rendered.

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LendKey

LendKey (formerly Fynanz Inc.) is a lending platform and online marketplace that allows consumers to apply for and receive private student loans, student loan refinancing and home improvement loans from their local credit unions and community banks.

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Libor

The London Inter-bank Offered Rate is the average of interest rates estimated by each of the leading banks in London that it would be charged were it to borrow from other banks.

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Loan guarantee

A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults.

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Loan servicing

Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower.

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Major (academic)

An academic major is the academic discipline to which an undergraduate student formally commits.

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Mechanicsburg, Pennsylvania

Mechanicsburg is a borough in Cumberland County, Pennsylvania, United States, west of Harrisburg.

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National Autonomous University of Mexico

The National Autonomous University of Mexico (Spanish: Universidad Nacional Autónoma de México, - literal translation: Autonomous National University of Mexico, UNAM) is a public research university in Mexico.

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National Consumer Law Center

The National Consumer Law Center (NCLC) is an American nonprofit organization headquartered in Boston, Massachusetts, specializing in consumer issues on behalf of low-income people.

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National Defense Education Act

The National Defense Education Act (NDEA) was signed into law on September 2, 1958, providing funding to United States education institutions at all levels.

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Nelnet

Nelnet is a United States-based conglomerate that deals in the administration and repayment of student loans and education financial services.

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Origination fee

An origination fee,, is a payment associated with the establishment of an account with a bank, broker or other company providing services handling the processing associated with taking out a loan.

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Peace Corps

The Peace Corps is a volunteer program run by the United States government.

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Pell Grant

A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college.

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PLUS Loan

A PLUS Loan is a student loan offered to parents of students enrolled at least half time, or graduate and professional students, at participating and eligible post-secondary institutions.

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Prime rate

A prime rate or prime lending rate is an interest rate used by banks, usually the interest rate at which banks lend to favored customers—i.e., those with good credit.

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Private student loan (United States)

A private student loan is a financing option for higher education in the United States that can supplement, but should not replace, federal loans, such as Stafford loans, Perkins loans and PLUS loans.

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Private university

Private universities are typically not operated by governments, although many receive tax breaks, public student loans, and grants.

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Promissory note

A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financial instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.

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Reduced-price meal

Reduced-price meal is a term used in the United States to describe a federally reimbursable meal, or snack, served to a qualified child when the family of the child's income is between 130 and 185 percent of the US federal poverty threshold.

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Sallie Mae

SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.

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Scholarship

A scholarship is an award of financial aid for a student to further their education.

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Social Security Administration

The United States Social Security Administration (SSA) is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability, and survivors' benefits.

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SoFi

Social Finance, Inc. (commonly known as SoFi) is an online personal finance company that provides student loan refinancing, mortgages and personal loans.

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Soviet Union

The Soviet Union, officially the Union of Soviet Socialist Republics (USSR) was a socialist state in Eurasia that existed from 1922 to 1991.

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Sputnik 1

Sputnik 1 (or; "Satellite-1", or "PS-1", Простейший Спутник-1 or Prosteyshiy Sputnik-1, "Elementary Satellite 1") was the first artificial Earth satellite.

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Stafford Loan

A Stafford Loan is a student loan offered to eligible students enrolled in accredited American institutions of higher education to help finance their education.

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Student Aid and Fiscal Responsibility Act

The Student Aid and Fiscal Responsibility Act of 2009 (SAFRA) is a bill introduced in the U.S. House of Representatives of the 111th United States Congress by Congressman George Miller that would expand federal Pell Grants to a maximum of $5,500 in 2010 and tie increases in Pell Grant maximum values to annual increases in the Consumer Price Index plus 1%.

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Student debt

Student debt is a form of debt that is owed by an attending, withdrawn, or graduated student to a lending institution.

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Student financial aid (Finland)

Student financial aid in Finland consists of government payments (through Kela) that provide economic security to students and enable all students to study.

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Student financial aid (United States)

Student financial aid in the United States is funding that is available exclusively to students attending a post-secondary educational institution in the United States.

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Student loan

A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses.

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Student loans in the United States

Student loans are a form of financial aid used to help students access higher education.

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Tax Cuts and Jobs Act of 2017

The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,, is a congressional revenue act originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), that amended the Internal Revenue Code of 1986.

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Tax deduction

Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income.

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The Wall Street Journal

The Wall Street Journal is a U.S. business-focused, English-language international daily newspaper based in New York City.

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Tuition centre

Tuition centre (Malay: Pusat Tuisyen) is a special term for private educational institutions; they are especially abundant and ubiquitous in Malaysia, India, Sri Lanka, The Middle East and Singapore In Indonesia, they are known as '''Bimbing''' or '''bimbel''' in short.

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Tuition freeze

Tuition freeze is a government policy restricting the ability of administrators of post-secondary educational facilities (i.e. colleges and universities) to increase tuition fees for students.

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Tuition payments

Tuition payments, usually known as tuition in American English and as tuition fees in Commonwealth English, are fees charged by education institutions for instruction or other services.

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Tutoring agency

A tutoring agency is a business that acts as an intermediary between people who are looking for tutors and tutors wishing to offer their services.

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United States Code

The Code of Laws of the United States of America (variously abbreviated to Code of Laws of the United States, United States Code, U.S. Code, U.S.C., or USC) is the official compilation and codification of the general and permanent federal statutes of the United States.

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United States Congress

The United States Congress is the bicameral legislature of the Federal government of the United States.

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United States Department of Education

The United States Department of Education (ED or DoED), also referred to as the ED for (the) Education Department, is a Cabinet-level department of the United States government.

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United States Department of the Treasury

The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government.

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USA Today

USA Today is an internationally distributed American daily, middle-market newspaper that serves as the flagship publication of its owner, the Gannett Company.

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Wealth inequality in the United States

Wealth inequality in the United States (also known as the wealth gap) is the unequal distribution of assets among residents of the United States.

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Redirects here:

Criticism of U.S. student loan programs, Federal student loans, Higher Level Processing, National Student Loan Solutions, Standard Repayment, Standard repayment.

References

[1] https://en.wikipedia.org/wiki/Student_loans_in_the_United_States

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