Federal Direct Loan Program

The Federal Direct Loan Program is a government initiative that provides student loans directly to borrowers for educational expenses. It offers various types of loans, including subsidized (where the government pays interest while you’re in school) and unsubsidized (where you’re responsible for all interest). These loans typically have lower interest rates than private loans and offer flexible repayment options. Eligibility is determined by financial need and other factors, and the application process begins with filling out the Free Application for Federal Student Aid (FAFSA). The goal is to make higher education more accessible and affordable.