Why is the Concordia College changing to the Direct Loan Program?
• Federal Direct Lending provides a stable source of student loan funding because the funds are provided by the U.S. Treasury. • The Direct Lending Program is not impacted by changes in the economy. • Direct Lending provides a single point of contact for managing student loans. • Loans are never sold in the Direct Loan Program. Loans through the FFELP Program can be sold multiple times which can be confusing for the borrower upon repayment. • Direct Lending offers a more lenient credit assessment for Grad PLUS and Parent PLUS loan programs.
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