Federal Direct Student Loan
The
William D. Ford Federal Direct Loan Program (FDLP) also referred to as
"Direct Loans," is a United States Department of Education program that
offers loans to help students pay for education after high school. The
Department of Education performs as a lender, offering 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
(FFELP).
The Department of Education permits schools to
choose which program, Federal Direct Student Loan Program (FDSLP) or
Federal Family Education Loan Program (FFELP), best go well with the
needs of its students. The Department of Education does not currently
permit a student to choose an FDSLP loan if the school chooses to
participate in FFELP and vice versa. Though, candidates may be able to
choose to consolidate loans under either FDSLP or FFELP.