Direct Loans

The Direct Loan Program makes long-term loans available to students at all levels of study, and to parents on behalf of dependent students. The federal government subsidizes interest during defined periods for undergraduate students who show need under the federal need analysis methodology, but only for a limited amount of time based on the length of the student’s program. Various repayment plans are available, as well as deferments, cancellations, and discharges.

Related terms: Loan CounselingCohort Default Rate (CDR)

 

See top list entries for Cash Management and Disbursement

See top list entry for Loan Counseling

See top list entry for Loan Counseling