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The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]
William David Ford (August 6, 1927 – August 14, 2004) was a U.S. Representative from Michigan and namesake of the Federal Direct Student Loan Program. Ford was known for his support of workers and educational opportunity. Among his significant legislative accomplishments were authoring the Workers Adjustment and Retraining Notification Act ...
The government this month extended the deadline for consolidating commercially-held FFEL, Perkins, or Health Education Assistance Loan (HEAL) with Federal Student Aid to become eligible for the ...
The phrase is an umbrella term for four specific repayment plans that are available within the William D. Ford Federal Direct Loan Program (FDLP, FDSLP, Direct Loan) and the Federal Family Education Loan Program (FFEL). The four plans are: Income-Based Repayment (IBR) Pay As You Earn (PAYE)
Under the William D. Ford Federal Direct Loan Program, there are four types of federal student loans available to qualified borrowers. With federal student loans, you typically do not need a co ...
Participation in a federal student loan program (i.e. William D. Ford Federal Direct Loan program, Federal Family Education Loan program, Federal Perkins Loan program and/or the TEACH Grant ...
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