As many as 5 million people in the U.S. could be in default on their student loans this fall, according to a new report.
That’s because of a “lending shark” program that lets banks lend out the money to borrowers.
While many people aren’t aware of the program, it’s not the first time the federal government has been trying to curb the problem.
Here’s a look at some of the other ways it has done it.
Credit card debt A $100,000 student loan can be forgiven by the government with interest.
The program also provides some relief to some borrowers who can’t pay the entire amount of their loan.
But that’s not a guarantee that the loan will be paid off.
For one thing, a student loan may be forgiven if the borrower has an emergency, like a medical emergency or a divorce, says Robert Kagan, a senior fellow at the Brookings Institution and former assistant secretary for student financial aid at the Education Department.
If a borrower has more than one loan, the total forgiven amount will depend on the amount owed.
The government also doesn’t guarantee that borrowers will have to repay their loans, which may discourage borrowers from taking out another loan.
“It is not an automatic thing, and borrowers are not supposed to default on the principal and interest,” Kagan says.
“What’s more, if a borrower defaults on the loan, they’ll be forced to pay back the principal.”
The government can force a borrower to pay the principal of the loan within 10 days of a default or, if the default isn’t caught, within one year.
The debt forgiveness program also can cover other student loans that aren’t forgiven, but it requires borrowers to have their loans serviced within 30 days.
Other programs that make it easier for borrowers to get their loans forgiven include the government’s Workforce Investment Account and the Pell Grant.
But those programs can be pricey.
In 2013, the Department of Education said it cost the government about $7.3 billion to provide forgiveness of student loan debt.
In 2015, the department reported that it had forgiven more than $15.5 billion of student debt.
That included $4.2 billion in loans that were forgiven in 2012.
The Department of Housing and Urban Development (HUD) also helps borrowers.
The agency helps borrowers by waiving fees and interest and gives them the ability to make payments on their loan while they’re in school, so long as they pay all their bills.
For example, if borrowers have outstanding student loans, HUD could help them avoid paying their full bill for a year while they go to college.
A borrower could also take advantage of a government program known as the Direct Loan.
Under the Direct Lending program, borrowers can get a government-backed loan with interest rates of no more than 2.5 percent.
In return, the government helps the borrower refinance their loan into a private loan, which the borrower can then refinance back into a student account.
That program is a big help for borrowers who have had trouble paying on their loans because they don’t have the ability or the means to repay the principal.
That could be the case for many borrowers.
“If you’ve got a $200,000 federal loan, you have a $300,000 private student loan, so you’re looking at a $100 or $200 per month payment on your private student loans,” Kahan says.
So if a student has to pay interest on their private loans for two years or more, that would be a big burden on their budgets.
The federal government does offer a variety of other financial aid options, including federal loans to help students graduate.
The Earned Income Tax Credit is one such program.
The credit helps families with lower incomes buy a home and pay for other expenses, including buying a home, buying a car or getting a business loan.
Federal income-based repayment (IFRS) programs also help borrowers with higher income.
In some cases, the program offers a credit for borrowers with federal loans who also have other types of federal student loans.
The Federal Direct Loan is one of those.
If you have at least one type of federal loan but are not eligible for IFS, you can apply for a Direct Loan through the Direct Enrollment Program.
A Direct Loan helps borrowers get a loan, pay interest and make payments, all while keeping their federal loan.
This means that a borrower with a student loans forgiven balance of $1,000 won’t have to make any additional payments on the loans.
Another program is the Direct Consolidation Loan, which allows borrowers with a federal student loan forgiven balance to consolidate their loans into a new federal loan with a lower interest rate.
And the Federal Direct Consolidator loan, like the Direct IFS loan, can help borrowers pay for college expenses.
Some of the government programs that help borrowers include the Pell Grants, which help low-income families get loans that can pay for tuition and fees.
The Pell Grant program is meant to help low and moderate-income students.
It gives a maximum