About DirectLoans
 

The DirectLoan Program offers a few types of loans: subsidized and unsubsidized (Stafford) loans for students, PLUS loans for parents and graduate/professional students, and consolidation loans for both students and parents. Borrowing a DirectLoan is simple:

Students complete one application, the Free Application for Federal Student Aid (FAFSA), for all FSA programs, including Direct Loans. (We encourage using FAFSA on the Web, the online version of the application, because of its advantages.) 

The student's prospective school will draft an aid package, which might include DirectLoans. If the student decides to accept the loan, he or she must sign a loan agreement called a master promissory note (MPN), which, depending on the school, the student might be able to complete electronically. The financial aid office at the school can say how much a student can borrow.

Federal Direct Loans are not sold. Since borrowing is directly through the federal government, borrowers make loan payments to the Department of Education for the life of their loans. It's "one-stop-shopping" from loan application through repayment.

Borrowers have flexible repayment options, and they can change options when they need to without a fee at any time during the life of the loan.

DirectLoan Servicing

Using the DirectLoan online site you can make online payments, view your account balances and payment history, change your billing options, enroll in electronic services and much more...

DirectLoan Consolidation

A Consolidation Loan allows you to combine one or more of your federal education loans into a new loan that offers you several advantages such as one monthly payment, flexible repayment options, and reduced monthly payments.

Also check out these student loan sites:

Fafsa Student Grants

Getting A Grant

Pell Grants

You can choose to receive your Direct Loan bills and correspondence electronically, eliminating paper mail. Electronic services are faster, free, and more convenient.

Paying your Direct Loan online from the site is free, convenient, and saves you time and money. You can even schedule your payments up to six months into the future.