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Q: Why did the federal government set up the student loan program?
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What has the author Donald Conner written?

Donald Conner has written: 'Federal student loan programs data book, FY 94-96' -- subject(s): Federal Direct Student Loan Program (U.S.), Federal Family Education Loan Program, Government policy, Student aid, Student loan funds


What year did student loan federal guarantee begin?

The federal government began guaranteeing student loans provided by banks and non-profit lenders in 1965, creating the program that is now called the Federal Family Education Loan (FFEL) program.


What is a federal direct plus loan?

The Federal Direct Student Loan program is loan given to students in the United States. If you feel that you are in need of the perfect loan, then maybe this is the right one for you since it is a government loan.


How do I go about federal student loan consolidation?

In the United States, the federal government offers a specified program for loan consolidation. You can visit: www.loanconsolidation.ed.gov. This site will help you understand the program, determine your eligibility and create a plan to communicate with and, with any luck, arrange for student loan consolidation.


What is the best federal student loan program?

There are many federal student loan programs to choose from. They include Federal Perkins Loan, Federal Direct Subsidized Loan, Federal Student PLUS Loan, etc. When it comes to deciding which is the best, it depends on one's circumstances.


Student Loan Forgiveness?

Graduates who are interested in having a part or all of their student loans repaid should take the time to learn as much as they can about the student loan forgiveness program offered by the federal government. Students with either federal student or private student loans can have some or all of their student loan debt forgiven by the federal government simply by taking advantage of certain employment and volunteer positions in disadvantaged neighborhoods or by joining the military.The Student Loan Forgiveness ProgramCertain professionals such as doctors, lawyers, nurses, teachers and military professionals that take advantage of certain programs can have their student loan forgiven by participating in eligible programs. Although the Student Loan Forgiveness program is offered by the federal government, the program is available to students with both federal and private student loans.The Student Loan Forgiveness Program is a Good Alternative to RepaymentFor graduates who are having trouble meeting their repayment obligations, the Student Loan Forgiveness Program may be their best option. By taking advantage of this program many students can have some or all of their student loans, including private loans repaid by the government.There Are Many Programs That Offer the Student Loan Forgiveness ProgramGraduates who are interested in taking advantage of the Federal Student Loan Forgiveness program will find that there are quite a few number of work and volunteer opportunities to choose from, including but not limited to the military. To take advantage of the program, teachers, doctors and lawyers may find themselves offering their services in low income areas.Students May be Liable For Taxes if Their Student Loans Are ForgivenDepending on the provisions of a graduates student loans, graduates who have their student loans forgiven partially or in full may have to pay taxes on the amount forgiven on their student loans. However, that is not always the case so it is important that graduates check the provisions of their loan to determine if in fact they will be required to pay taxes on any portion or all of the student loan debt that is forgiven by the federal government.


What type of services does a Federal consolidation loan program provide?

A consolidation loan program for Federal student loans allows one to take out one large loan to settle all outstanding Federal student loans. This may allow one to have only one loan and debt repayment to worry about.


Do you have to be us citizen to obtain a loan from a federal student program?

Not necessarily. If a non-citizen meets certain eligibility criteria they can get a Federal Student Loan. Visit the link below for the eligibility criteria.


Where can one find a government debt consolidation loan?

You can find a government debt consolidation loan by contacting the federal government division which deals with the type of loan that you are looking for. For example if you are looking for a student debt consolidation government loan, you can also usually get a form through the financial aid office at your school besides applying on the federal government's student aid website.


Will the IRS take your taxes for unpaid student loan?

The government can offset refunds by what it is owed...(the money would go to the student loan program).


Where might one get information on a federal government student loan?

One might get information on a federal governement student loan at any local government office. If none are available, try to look on the eternet for the official government page under the education tab.


Looking for federal student loan consolidation sites.?

You can find a federal student loan site at loanconsolidation.ed.gov. They have the application and forms needed to consolidate your loans. Under this program, a borrower's loans are paid off and a new consolidation loan is created.