The Federal Direct Student Loan Program (FDSLP) is similar to the Federal Family Education Loan Program (FFELP). The US government provides the funds for these loans directly to students and their parents through their schools. Benefits of the program include a faster turn-around time and less bureaucracy than the old "bank loan" program. The Federal Direct Student Loan Program (FDSLP) includes the Federal Direct Stafford Loan (Subsidized and Unsubsidized) and the Federal Direct Parent Loan for Undergraduate Students (PLUS). For more information about Direct Loans, contact the Direct Loan Servicing Center at 1-800-848-0979.
The program name for loans that are both guaranteed and funded by the federal government. If your school is a "Direct Lending School", your Stafford Loan is administered by the Federal Direct Student Loan Program (FDSLP). The US government provides funds for “direct loans” directly to students and their parents through their schools. Applications can be obtained from your school. Banks and guarantee agencies are not involved in the process.
Low-interest loans for students and parents; includes the Federal Stafford and PLUS loan programs. Loans are obtained through a student's school and repaid to the federal government.
Education loans provided by the federal government directly through colleges and universities, as opposed to private lenders (traditional banks and lending institutions).
The William D. Ford Federal Direct Loan Program (aka the Direct Loan Program) is a federal program where the school becomes the lending agency and manages the funds directly, with the Federal government providing the loan funds. Similar to the Federal Family Education Loan Program (FFELP). The funds for these loans are provided by the US government directly to students and their parents through their schools. The FDSLP includes the Federal Direct Stafford Loan (Subsidized and Unsubsidized) and the Federal Direct Parent Loan for Undergraduate Students (PLUS). These loans, including PLUS loans disbursed to graduate and professional students on or after July 1, 2006, qualify for LRP repayment. PLUS loans to parents do not qualify.
A federal program in which certain institutions ("Direct Lenders") are provided federal government funds to loan to students.
The former name for all Part D loan programs, now the Federal Direct Loan Program.
Loans provided by the U.S. government directly to students and their parents through their schools.
The William D. Ford Federal Direct Loan Program is a United States Department of Education program that markets, originates, and disburses loans for higher education (including Stafford, Perkins, and PLUS loans). Usually referred to as "direct," the terms of its loans parallel those offered through the complementary Federal Family Education Loan Program (FFELP), though FFELP providers have more flexibility to offer incentives and discounted rates.
