When does the Federal Direct Loan Program begin for Keystone College?
A. Beginning on May 1st Keystone will no longer participate in the Federal Family Education Loan Program (FFELP) where students and parents borrow federal loans through a private lender. Instead, Stafford and PLUS loans will be available from the William D. Ford Federal Direct Loan (Direct Loan) Program where the federal government is the lender. Any new loan applied for on or after May 1st will be processed through Direct Lending.
Related Questions
- I am planning to attend a college that participates in the Federal Direct Loan Program. Do I have to borrow a Federal Direct Loan , or can I borrow a FFELP loan through a local lender?
- Are there any other factors contributing to loan companies exiting the federal loan program?
- Why did Keystone College enter the William D. Ford Federal Direct Loan (Direct Loan) Program?
