Learn more about the types of forgiveness and whether you qualify due to your job or other circumstances. Student finance - student loans or student grants for tuition fees and living costs, extra help, student loan repayments Skip to main ... Education and learning Student Loan Forgiveness. Search for: Toggle navigation. More information on 1098-E. Student Loans Repaying Loans Defaulted Loans Loan Forgiveness Loan Servicers Learn more about loan consolidation. For more information about student loan interest deduction, visit the IRS's Tax Benefits for Education… Student loans or grants: to help students attend college. The Department of Education will only apply payments made on the consolidation loan. Student Loans; Grants; Laws; Data; Student Loans, Forgiveness. Education Department Unveils Fix For Troubled Student Loan Forgiveness Program In its first year, the forgiveness program turned away 71% of borrowers because of a paperwork technicality. If your loan is in default or you have a grant overpayment and are not sure what type of loan or grant you have, check your original loan/grant documents or use our National Student Loan Data System.If the loan/grant is not one of the program types listed above and is not assigned to the U.S. Department of Education, the information on this site does not apply to you. The U.S. Department of Education’s federal student loan program is the William D. Ford Federal Direct Loan (Direct Loan) Program.Under this program, the U.S. Department of Education is your lender.There are four types of Direct Loans available: What does it mean and why is this happening? U.S. Department of Education. Contact Your Loan Servicer Questions—Make a payment—Loan balance. If your account number begins with a zero with no alpha characters (Example: 012345678), you have a FFELP loan and … Our mission is to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. Washington The U.S. Department of Education (Department) has launched a process for federal student loan borrowers to be reconsidered for loan forgiveness under a temporary expansion of the Public Service Loan Forgiveness (PSLF) Program. Student loan interest payments are reported on the IRS Form 1098-E, Student Loan Interest Statement. In certain situations, you can have your federal student loans forgiven, canceled, or discharged. The Department of Education and Training works with states, territories and non-government education providers to provide quality early learning, schooling, improved student outcomes and transitions to and from school through parent engagement, quality teaching and learning environments. Formula grants: uses formulas determined by Congress and has no application process. ED offers three kinds of grants: Discretionary grants: awarded using a competitive process. New data from the Department of Education shows that for the cohort of student loan borrowers who entered repayment during fiscal year 2016, … Login—Account Info . What types of federal student loans are available? Our mission is to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. How to apply for federal student loans. Overview. PHEAA conducts its student loan servicing operations for federally-owned loans as FedLoan Servicing. Student Loans Repaying Loans Defaulted Loans Loan Forgiveness Loan Servicers Accessibility: The Department of Education is committed to providing electronic and information technologies that are accessible to individuals with disabilities by meeting or exceeding the requirements of Section 508 of the Rehabilitation Act (29 U.S.C 794d). If you have multiple student loans you may be able to combine them into one loan with a fixed interest rate based on the average of the interest rates on the loans being consolidated. A Direct Consolidation Loan allows you to consolidate multiple federal education loans into one loan at no cost to you. The Department of Education will only apply payments made on the consolidation loan. How to apply for federal student loans.