Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
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Direct Loan
The Direct Loan Program is one of the Federal Student Aid (FSA) programs provided by the Department of Education that provides students with a way to borrow money to pay for education after high school. There are four types of Direct Loans:
1. Federal Direct Stafford - Ford Loans (Direct Subsidized Loans)
2. Federal Direct Unsubsidized Stafford - Ford Loans (Direct Unsubsidized Loans)
3. Federal Direct PLUS Loans For Parents
4. Federal Direct Consolidation Loans
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