Ford Federal Direct Loan Program Federal Direct Stafford Ford Loans, Federal Direct: Fill & Download for Free

What is a "direct loan" in my credit report?Federal Stafford loans were originated by either the Federal Family Education Loan Program (FFELP) through June 30, 2010 or the William D. Ford Federal Direct Student Loan Program (FDSLP). The latter are more commonly known as Federal Direct Loans or just Direct Loans. They are made directly by the federal government, while the FFELP loans were made by banks and other financial institutions.While it is possible that this could be something else, it is the most likely scenario.

Yes, the various branches of the military offer loan repayment programs as an enlistment incentive for college loans incurred prior to entering military service.To be eligible when entering active duty service you must:● Not have served in the military previously.● Have received a high school diploma● Not be an officer● Provide written confirmtion you are not enrolling in the Montgomery GI Bill.● Obtain a guarantee of loan repayment in your enlistment contract.If you have prior military service and are entering the reserves you can still qualify for the program and retain eligibility for the Montgomery GI Bill.The following loan types qualify for repayment:● Direct Subsidized (Stafford/Ford)● Direct Unsubsidized (Stafford/Ford)● Perkins Loans● Supplemental Loans for StudentsFederal Direct Consolidation Loans and Parent Plus Direct Loans used to pay for a soldier’s educational expenses also qualify. Private loans are not eligible for forgiveness through the program. To be eligible for repayment a loan cannot be in default.Payments through the program are made directly to your lenders when you have fully completed a year of service and have not exceeded the maximum benefit offered by your branch. The payment for active duty personnel is 33 1/3 percent of the outstanding principal balance of the loan or $1,500, whichever is greater.The payment for Army and Navy reserves is 15 percent of the outstanding principal balance of the loan, or $1,500, whichever is greater. The payment for the Air National Guard is 15 percent of the outstanding principal balance, or $5,000, whichever is greater. Currently accrued interest on loans is not covered by the program.These payments are considered taxable and subjected to a 28% withholding rate. So 28% of your payment amount is sent directly to the IRS. A W‐2 statement reflecting program payments is provided to participants in the program to be included in their income tax filings for the year.To receive payment you must complete Form DD2475 on an annual basis to confirm you have successfully fulfilled all of the requirements needed for repayment assistance. You will want to have your loan information handy when completing the form to ensure payment is made to the correct loan holder(s) for your eligible loan(s).Payments and program qualifications differ based on type and branch of service you enlist in.The differences are detailed below.ArmyThe Army's Loan Repayment Program is specifically targeted for highly qualified applicants. Accepted applicants entering active duty service are eligible for up to $65,000 of loan repayment.To be eligible when entering active duty service you must:● Enlist for a minimum of three years● Have an Armed Forces Qualification Test score above 50● Enlist in a critical military occupational specialty. These change frequently based on current staffing requirements. Your recruiter should be able to provide an up to date list.If you are entering the Army Reserves or National Guard you are eligible for up to $20,000 of repayment assistance when enlisting in a critical military occupational specialty. With payment preference given to military occupational specialties with the highest staffing requirements. The minimum enlistment required to be eligible for the program is 6 years.NavyAll servicemen and women entering active duty service are eligible for up to $65,000 of loan repayment through the Navy's Loan Repayment Program. To be eligible you must enlist for a minimum of 4 years.If you are entering the Navy Reserves you are eligible for up to $10,000 of repayment assistance and must enlist for a minimum of 6 years.Air ForceAll servicemen and women entering active duty service are eligible for up to $10,000 of loan repayment through the Air Force's Loan Repayment Program. To be eligible you must enlist for a minimum of 4 years.If you are entering the Air National Guard you qualify for up to $20,000 of repayment assistance when enlisting in a critical military occupational specialty. Payment preference is given to military occupational specialties with the highest staffing requirements. The minimum enlistment required to be eligible for the program is 6 years.Health ProfessionalsIf you are a health professional, the Military also sponsors an Active Duty Health Professions Loan Repayment Program. To aid in recruiting commissioned officers to active duty in the Medical Corps, Nurse Corps, and Biomedical Sciences Corps. Participants receive repayment of loans taken out while earning degrees from accredited medical education institutions.To qualify you must have graduated with an advanced degree in one of the following specialties:● Medicine● Dentistry● Optometry● Veterinary● Nursing● Clinical psychologyIn addition to principal repayment, interest and reasonable educational and living expenses are also eligible for repayment through the program. The maximum repayment through the program is $120,000 total and $40,000 annually. The benefits are considered taxable and tax payments are delivered directly to the IRS. So practically speaking you can expect approximately $30,000 of repayment to be applied to your loan balances annually.Participants in the program are required to serve on active duty for a minimum of two years or one year of active duty for each annual repayment, whichever is greater. You are still eligible for the program even if you have participated in the Military’s Health Professions Scholarship Program previously.To receive your initial repayment through the program you will need to submit DA form 1059 along with your certificate of completion for the Basic Officers Leaders Course. Plan to include copies of your current loan statement since payments through the program are made directly to your lender.ResourcesForm DD2475 - http://www.dtic.mil/whs/directives/infomgt/forms/eforms/dd2475.pdfInstructions on completing form DD2475 -http://www.iupui.edu/~armyrotc/assets/downloads/Instructions_DDForm_2475.pdfDA Form 1059 ╾ http://p://www.cs.amedd.army.mil/FileDownloadpublic.aspx?docid=64a844f9‐03d5‐4a04‐85e0‐ca729092519d*****Check out my slideshare Escape Student Loan Debt: How to Minimize Your Re-payments for more strategies you can employ to eliminate student loan debt.

12 Companies That Will Pay Off Students Loans JobsUnderstudy credit obligation impacts in excess of 44 million Americans as much as $1.5 trillion. As per research, the expense of educational cost in 2008 was 2.25x higher than in 1980, and recent college grads face more stunning understudy advance obligation than some other age. Given this squeezing concern, numerous organizations are venturing up to assist workers with handling understudy advance obligation by offering reimbursement help. In addition to the fact that this is a gigantic assistance to representatives, but at the same time it's an appealing advantage for work searchers.Here are 12 organizations presenting to $60,000 in understudy credit reimbursement and help. On the off chance that you've graduated with a hill of obligation, consider a job at these organizations where your heap will be lighter.LoyaltySubtleties: "Our as of late propelled Step Ahead Student Loan Assistance Program gives to qualified workers a month to month sponsorship—a limit of $10,000 per borrower—close to the representative's understudy credits, untethered to maintenance. In excess of 5,000 Fidelity partners have joined up with the program since its dispatch."Open Roles: Wealth Management Planning Consultant, Quantitative Portfolio Associate, Financial Consultant, Director of Data Architecture, Software Engineer, Manager of Analytics-Data Governance, Principal Database Administrate, Regional Planning Consultant, Central Relationship Manager and more.U.S. Division of AgricultureSubtleties: The U.S. Division of Agriculture offers $25,000 every year for a long time in understudy advance reimbursement help to veterinarians who work in underserved regions.Open Roles: Veterinary Medical Officers and Supervisory Veterinary Medical OfficersNVIDIASubtleties: "In the event that you graduated inside the previous three years, you can apply for repayment of $6,000 every year to help reimburse your understudy advances, up to $30,000! To be qualified, you should be a full-or low maintenance U.S. worker working 20 hours or more for each week, and have finished three months of persistent assistance."Open Roles: Senior Computer Vision Engineer, Deep Learning Scientist, Software Engineer, Senior Account Manager, Senior Pricing Operations Analyst, Senior Technical Writer, Senior Mask Design Engineer, Automotive Hardware Safety Engineer and more.Harmony CorpsSubtleties: "In the event that you have government understudy credits, for example, Stafford, Perkins, direct, and united advances, you might be qualified for suspension, fractional retraction, pay driven reimbursement, or qualification for the Public Loan Service Forgiveness Program during Peace Corps administration. Volunteers with Perkins advances might be qualified for a 15–70 percent undoing advantage."Open Roles: Peace Corps Volunteer, Director of Programming and Training, Financial Management Specialist, IT Specialist, Training Specialist, Nurse Practitioner and more.HuluSubtleties: "Hulu will settle up to $1,200 per year per representative to coordinate their understudy credit installments," says Taunya Post, Hulu's overseer of HR activities.Open Roles: Traffic Coordinator, Software Developer, Senior Financial Analyst, Associate Account Analyst, Director of Events and Talent Relations, Billing and Ad Revenue Analyst, Principal Lifecycle Marketing Manager, Director of Billing and Payments, Senior Software Developer, Senior UX Researcher and more.PwCSubtleties: "As a partaking partner or senior partner, PwC's SLP advantage will settle up $1,200 per year towards your understudy credit! After some time, this may assist with diminishing understudy credit head and intrigue commitments by as much as $10,000, and abbreviate advance result by as long as three years."Open Roles: Senior External Auditor, Diversity and Inclusion Senior Manager, Financial Services Manager, Tax Senior Manager, Client Strategy Senior Associate, Regulatory and Compliance Analyst, Financial Markets Manager, Market Administrative Manager, Federal Tax Senior Associate, Data Analytics Manager and more.LiveNationSubtleties: According to NerdWallet, the amusement organization offers understudy advance reimbursement of $100 every month, or $1,200 every year, with a lifetime limit of $6,000.Open Roles: Client Support Specialist, Sales Manager of Special Events, Guest Experience Host, Engineer II, Brand Manager, Coordinator of Solutions Development, General Manager, Amphitheater Portfolio Manager and more.StaplesSubtleties: "Dynamic, full-time US partners with in any event one extraordinary advance commitment, who have acquired or are accepting a degree from an authorize establishment, will have their credit chief paid at $100/every month for three years."Open Roles: District Manager, Program Manager of HR Systems, Technology Consultant, Project Specialist, Regional Sales Director, Retail General Manager, Director of Field Reporting and Customer Experience, Associate Manager of Sourcing, Sr. Chief of Customer Analytics and more.SoFiSubtleties: "We need to enable our workers to accomplish monetary opportunity, much the same as our individuals. That is the reason SoFi contributes $200 every month toward your understudy advance to assist you with taking care of your obligation—in addition to monetary classes and trainings."Open Roles: Mortgage Loan Originator, Senior Software Engineer, Fraud Risk Analyst, Consumer Communications Associate, Data Engineer, Direct Mail Marketing Associate, Capital Markets Analyst, Senior Director of Data Engineering and Infrastructure, Brand Strategist and more.KronosSubtleties: "Kronos firmly has confidence in the significance of a professional education, yet in addition perceives that most alumni today are paying off debtors from accomplishing their instructive objectives. To help facilitate that trouble, we offer a budgetary help program to help Kronites take care of their understudy advance obligation quicker!"Open Roles: Integration Analyst, Workforce Solution Consultant, Senior Sales Executive, Practice Manager, Program Manager, Business Analyst, Customer Success Manager, Marketing Program Specialist, Technical Support Engineer/Specialist and more.Estée LauderSubtleties: According to CNBC, "The organization offers a $10,000 lifetime most extreme understudy advance obligation commitment to workers who have been with the corrective monster for over a year. The motivator is separated to regularly scheduled installments of $100. To be qualified, workers must be full-time, U.S.- based corporate representatives, chief level and underneath."Open Roles: Executive Director/Fellow of Global Stewardship, Manager of Consumer Insights and Analytics, Assistant Manager of Analytics, Manager of Trade Marketing, Retail Beauty Sales Manager, Account the board Coordinator, Director of Global Product Marketing, Administrative Assistant, SVP of Global Marketing for Tom Ford Beauty and more.U.S. Division of JusticeSubtleties: "The Department of Justice limits yearly Attorney Student Loan Repayment Program advantages to a limit of $6,000 per lawyer per schedule year. Contingent upon assets, the Department may decide a lower sum, down to $0. The complete lifetime most extreme per lawyer is $60,000."Open Roles: Attorneys, Paralegal Specialist, Assistant Director for Management and Administration, Criminal Investigator, Deputy Director, Internal Affairs Specialist, IT Specialist, Legal Assistant and more.