FDLP

   FEDERAL DIRECT LOAN PROGRAM (FDLP)

In addition to the Federal Perkins Loan Program , we administer the Federal Family Education Loan (FFEL) Program and the William D. Ford Federal Direct Loan (Direct Loan) Program. Both the FFEL and Direct Loan programs consist of what are generally known as Stafford Loans (for undergraduate and graduate students) and PLUS Loans, for the parents of dependent undergraduates.

The main difference between FFEL and Direct Loans is that you receive FFEL funds from private lenders such as banks, credit unions, or other lenders that participate in the FFEL Program. Direct Loan funds come from us to your school, which delivers the loan proceeds to you. Often, a school will participate in just one or the other of these programs but sometimes will participate in both. You can receive both FFELs and Direct Loans, but not both types for the same period of enrollment at the same school.

You repay a FFEL to the private lender that made you the loan or to its designated agency. You repay a Direct Loan to us.

Federal Direct Loans are granted to students directly by government, which lends the entire sum. The student or his or her parents must repay the entire loan plus interest to the federal government through the Education Department. These loans are similar to the FFELP: Federal Family Education Loan Program.

These loans can be subsidized or not subsidized, and includes :

- Stafford Federal Loans

- Federal Plus Loans for parents

- Direct Consolidation Loan