Definitions for "Direct Loans"
Submenu The William D. Ford Federal Direct Loan Program(Direct Loans), is a federal program that provides loans to students and parent borrowers directly from the U.S. Department of Education. The loans are Federal Direct Subsidized (FDS), Federal Direct Unsubsidized (FDU), Federal Direct Parent Loan (PLUS) and Federal Direct Consolidation Loans.
A student loan issued under the William D. Ford Federal Direct Student Loan (Direct Loan) Program. The William D. Ford Federal Direct Loan Program, also referred to as Direct Loan Program, is a federal program that provides loans to student and parent borrowers directly through the U.S. Department of Education. The program includes Federal Direct Stafford/Ford (Direct Subsidized) loans, Federal Direct Unsubsidized Stafford/Ford (Direct Unsubsidized) loans, Federal Direct PLUS (Direct PLUS) loans, and Federal Direct Consolidation (Direct Consolidation) loans.
Students and parents borrow directly from the federal government at participating schools, instead of having the paperwork handled by private companies.