The US Department of Education recently announced that it will approve federal student loan forgiveness for people who attended the University of Phoenix. Private student loans to suit your needs.Looking for an SBA loan to start or expand your small business? AZFCU's small business loans have your Arizona business covered. Federal financial aid includes grant and low interest loan programs from the US Department of Education to help you pay for your college tuition and expenses. The amount of a private education loan is limited to the cost of attendance less any other financial aid received. We've made it simple to apply. STEP 1: Get started online in just minutes. Borrower defense discharges apply only to federal student loans that are Direct Loans or can be consolidated into a Federal Direct Consolidation Loan.