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Borrower New (New; Under the Childcare Professional Guidelines) A borrower who has no outstanding balance on a Direct Loan or FFEL program loan (includes Plus and Consolidation loans) as of October 7, 1998, or had no outstanding balance on a Direct or FFEL program loan (includes Plus and Consolidation loans) on the date the borrower initially obtained a loan after October 7, 1998.

Early Childhood: Education in the areas of early child education, child care, or any other educational area related to child care that the Secretary determines appropriate.

Eligible Loans- Includes only a loan made after October 7, 1998 to a new borrower under the subsidized and unsubsidized Federal Stafford Loan, Direct
Subsidized Loan, and Direct Unsubsidized Loan programs (does not include PLUS, Consolidation, Perkins, and graduate loans); and • Is a loan that a borrower received before beginning qualifying service and for the purpose of completing the borrower’s associate or bachelor’s degree in early childhood education or child care.  Amount of forgiveness Up to 100 percent of a borrower's outstanding balance.

Low-Income Community
A community in which at least 70 percent of the children receiving child care at the facility are from families that do not earn more then 85
percent of the State median household income.