What is the Federal Direct Stafford Loan Program?
Filed under Loans.
The federal Student Loan Reform Act of 1993 created the Ford Federal Direct Loan Program, which consists of Federal Direct Stafford/Ford Loans, Federal Direct Unsubsidized Stafford/Ford Loans, and Federal Direct PLUS Loans. With the Federal Direct program, rather than private banks or savings and loans, the U.S. Department of Education acts as the lender and delivers loan proceeds to students directly through the schools. The Federal Direct program has been highly efficient, saving time and work for both the student and the school.
More information:
- Federal Direct Stafford Loans
- Other Aid Programs