The auto loan repayment relief program (ULRP) is designed to help students and families who have taken out student loans through the federal Direct Loan program, the federal PLUS loan program, and the Federal Direct Loan Program (FDLP).
The program provides some relief for students and borrowers who have borrowed through the PLUS, FDLP, and Direct Loan programs, and some relief is provided for borrowers who take out loans through a Federal Direct Consolidation Loan (FDCL).
The Direct Loan Programs, PLUS, and FDCL programs provide federal loans to students, and are funded by the federal government.
The loans for students are made directly from the government, while the loans for borrowers are paid directly from their student accounts.
The government collects federal tax dollars from student loan borrowers.
Students and families eligible for loan relief under the program can apply online to receive up to a 90-day loan reduction, which covers up to $6,300 in federal student loan principal.
The program is currently open to all students and parents of students enrolled in any school, regardless of their current level of debt.
If you have a student loan or are a parent of a student, you may qualify for a loan reduction through the loan forgiveness program.
The loan forgiveness is limited to one loan forgiveness period per student.
You can find the eligibility requirements for the loan relief programs in the FDCP and the Direct Loan repayment programs.
For more information on the programs, you can visit the Federal Deposit Insurance Corporation website, the Department of Education website, and contact your local U.C. Davis financial aid office.
Student Loan Repayment Programs at the University of California, Davis