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Child Care Provider Loan Forgiveness Demonstration

Published on AidPage by IDILOGIC on Jun 24, 2005

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Contingent on the availability of funds, forgiveness is provided to a borrower for eligible loans under the Federal Family Education Loan (FFEL) and Direct Loan programs for child care providers working fulltime in certain child care facilities that serve low-income families and meet certain other qualifications. Forbearance is provided to a borrower upon certification by the borrower that the borrower can be expected to qualify as an eligible borrower for forgiveness.