The William D. Ford Federal Direct Loan
U.S. Department of Education's has a Direct Loan Program, which provides loans to help
students pay for education after high school. The Department of Education acts
as a lender, providing funds for Stafford loans and PLUS loans in the same
amounts as the Stafford and PLUS loans offered through the Federal Family
Education Loan Program. (In the FFEL Program banks and other private lenders
provide these loans.)
Students Go to our students page to learn more about Direct Loans,
how to apply, where to go for online loan counseling, what free publications are
available, and how to avoid default.
Financial Aid Professionals Those who work in the field of financial
aid can take advantage of the resources available on our professionals page:
find out how to
become a Direct Loan Program participant, get relevant publications, go to
the Direct Loan regulations or the Common Origination and Disbursement (COD)
site, and more.
Interactive Calculators Use the budget calculator to enter estimated
income and expenses and find out how much money will be needed for the school
year. Use the monthly repayment calculators to compare the monthly and total
payments under the different repayment plans.
Direct Loan Servicing For those who already have a Direct Loan, the
servicing site is the one-stop center for managing that loan. A borrower can
make online payments, view account balances and payment history, get loan
counseling, change billing options, enroll in electronic services, and more.
Loan Consolidation Consolidating loans can be a great way to
simplify repayment and lower monthly payments, and Direct Loans can be
consolidated with other student loans. To find out more, visit the consolidation
Direct Loan Service