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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 Department of Education says the "vast majority" of borrowers with loans held by the department are eligible for forgiveness, including those in the following programs: William D. Ford Federal ...
This article relies largely or entirely on a single source. (August 2014) Income-based repayment or income-driven repayment (IDR), is a student loan repayment program in the United States that regulates the amount that one needs to pay each month based on one's current income and family size. The phrase is an umbrella term for four specific ...
Hold William D. Ford Federal Direct Loans (Direct Loans) Are or were on an Income-Driven Repayment (IDR) plan Are in the Public Service Loan Forgiveness (PSLF) program
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