At my undergraduate institution, I received Stafford Loans and had to go through a private lender. How are Stafford Loans different from Direct Loans?
OSU is one of many schools that participate in the Direct Loan program. Federal regulations that govern the Direct Loan and Stafford Loan programs are identical, with one major difference. Under the Direct Loan program, you do not go through a private lender. Your loan is held by the U.S. Department of Education and your payments are made to them.
Related Questions
- One of our students has received subsidized Stafford loans at two different schools for the same loan period. What is the obligation of the student and the school in this scenario?
- At my undergraduate institution, I received Stafford Loans and had to go through a private lender. How are Stafford Loans different from Direct Loans?
- With all those different types of financial aid, why do undergraduate students need private education loans?
