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What is the benefit of the Federal Direct Loan program?

April 26, 2017benefit Federal loan program

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What is the benefit of the Federal Direct Loan program?

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The Federal Direct Loan Program allows students to borrow directly from one provider of funds, the US Department of Education. All loan funds are received electronically from one source, the US Department of Education. There is one electronic application process at the US Department of Education web site. This program offers students one single source of contact until the loan is booked (disbursed). After the loan is disbursed you will then work with the servicer of your loan.