Definitions for "Direct Loan Program"
The William D. Ford Federal Direct Loan Program provides loans to student and parent borrowers directly through the U.S. Department of Education rather than through a bank or other lender.
A federal program for the Stafford and PLUS loans in which borrowers do not use private lenders, but instead borrow directly from the federal government though the college's financial aid office.
A loan program authorized by Title IV, part D of the Higher Education Act of 1965, as amended, including the Federal Direct Stafford, Federal Direct PLUS, and Federal Direct Consolidation Loan Programs. This program is run through a partnership between schools and the federal government and the funds come from the federal government.