Federal Direct Loan Program
The Federal Direct Loan Program provides U.S. federal student loans directly from the government to eligible students and parents.
Federal and Private Student Loans terms for credit facilities, borrower analysis, pricing, fees, amortization, repayment, loan types, and regulation.
Federal and Private Student Loans terms explain loan types, credit facilities, borrower analysis, pricing, interest, fees, repayment schedules, amortization, government programs, and lending standards.
Use this branch when a loan term changes facility type, borrower obligation, cost of credit, repayment timing, eligibility, underwriting, or regulatory disclosure.
| Term | Use it for |
|---|---|
| Federal Direct Loan Program | Loan type, facility, borrower analysis, pricing, APR, fee, amortization, repayment, government program, or lending-standard term. |
| Private Loans | Loan type, facility, borrower analysis, pricing, APR, fee, amortization, repayment, government program, or lending-standard term. |
| SLM Corporation | Loan type, facility, borrower analysis, pricing, APR, fee, amortization, repayment, government program, or lending-standard term. |
| Student Loan | Loan type, facility, borrower analysis, pricing, APR, fee, amortization, repayment, government program, or lending-standard term. |
| Subsidized Loan | Loan type, facility, borrower analysis, pricing, APR, fee, amortization, repayment, government program, or lending-standard term. |
| Unsubsidized Loan | Loan type, facility, borrower analysis, pricing, APR, fee, amortization, repayment, government program, or lending-standard term. |
Check the promissory note or loan agreement, borrower eligibility, principal, rate, APR, fee schedule, maturity, amortization method, repayment term, covenant, disclosure, and underwriting file.
Loan terms affect cost and legal obligations; this page is educational and does not provide personalized borrowing or lending advice.
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The Federal Direct Loan Program provides U.S. federal student loans directly from the government to eligible students and parents.
Private loans are non-government loans from banks, credit unions, online lenders, or other private lenders under their own underwriting terms.
SLM Corporation, commonly referred to as Sallie Mae, is a publicly traded stock corporation that guarantees student loans and trades on the secondary market.
A student loan finances education expenses and is repaid by the borrower under federal or private lending terms.
A subsidized loan is a type of loan where the lender or sometimes a third party, typically the government, pays the interest on behalf of the borrower for a designated period.
An unsubsidized loan accrues interest while the borrower is in school, deferment, or other nonpayment periods.