Direct Loan

Direct Loan is the program run by Federal Government, USA to finance student’s Education via giving them direct loans without involving third parties.

Definition: Direct Loan -

- a loan by a lender to a customer without the use of a third party; direct lending gives the lender greater discretion in making loans.

- The William D. Ford Federal Direct Loan Program, also referred to as Direct Loan Program, is a federal program that provides loans to student and parent borrowers directly through the US Department of Education.

- Direct Loan Servicing Center - The US Department of Education's agent contracted to collect Direct Loans and handle deferments, repayment options, and consolidation.

Explanation: -

Click Here to go to Direct Loan Servicing Online

Federal Government of USA is very much conscious about Student Education. So they have launched The William D. Ford Federal Direct Loan program also known popularly as Direct Loan Program. Under this program, Federal Government provides loan to students and parents directly through the US Department of Education without involving third parties.

The main advantage of Direct Loan is that, no third parties (Banks & Financial Institutions) are involved in giving loans so the interest rate of this loan is very low plus other service charges are also very minimal.

Right now in the USA, this is the Best funding option to Finance the College Education. This is the best type of Student Loan in USA right now.Direct Loan is a very cheaper say Cheapest Student Loan.