This bill calls for student borrower empowerment by increasing exposure to loan counseling for
federal loan recipients.
Not exact matches
The first
recipient, Vicki Sebela, 21, a psychology major who lives in Rolling Meadows and works as a teller at Arlington Heights
Federal Savings &
Loan Association, sees many advantages to the northwest campus.
On the issue of college affordability, Katko co-sponsored bills that allow individuals with some types of
federal student
loans to refinance more than once and widen qualifications for Pell Grant
recipients.
The Clean Water fund is a
federal grant program that provides
loans to eligible
recipients.
In 2000, 41 percent of master's of education
recipients had
federal loans with an average balance of $ 26,650, including undergraduate and graduate school debt.
Among undergraduate education majors, some 67 percent borrowed
federal student
loans — 5 percentage points more than the overall population of bachelor's degree
recipients (see Figure 2).
Offers future
recipients of
federal student
loans access to alternate repayment methods that encourage these students to enter public service.
Schools are targeting
Federal Perkins
Loan recipients, because these are campus - based
loans and schools are responsible for the repayment of these funds.
According to the WallStreet Journal, a staggering 43 % of student
loan recipients are behind in their
federal loan repayments.
Under current law, only students with an expected family contribution (EFC)-- the amount that the
federal government expects a family to pay toward the student's postsecondary education expenses — of less than about $ 5,200 are eligible for a Pell grant, whereas
recipients of subsidized
loans may have a larger EFC, as long as it is less than their estimated tuition, room, board, and other costs of attendance not covered by other aid received.
A
federal student
loan, made by the
recipient's school, for undergraduate and graduate students who demonstrate financial need.
The total number of Direct and
Federal Family Education
Loan (FFEL)
recipients in default has increased by nearly 25 % since 2013.
STEP
recipients may receive
loan repayment for
federal student
loans in the amount of three thousand dollars ($ 3,000) per year for each year a licensed teache
*
Recipients can not have a current commitment to any other state or
federal loan repayment program.
Recent news stories include the loss of student
loan recipient personal information by Human Resources and Skills Development Canada in January of 2013 and the loss of a data stick containing the personal information of approximately 5000 Canadians by a
federal government lawyer working on their Employment Insurance appeals in November of 2012.