National Direct Student Loan Program

The National Direct Student Loan Program, now known as the William D. Ford Federal Direct Loan Program, is a federal initiative that provides students with loans to help cover college expenses. Managed directly by the U.S. Department of Education, students apply for these loans, which often have lower interest rates and flexible repayment options compared to private loans. The program aims to make higher education more accessible by offering financial support that students can repay gradually after they graduate or leave school.