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What is a federal Direct Loan?


What is a federal Direct Loan?
Bankrate
12/23/2020
© ESB Professional/Shutterstock
College student studies in library
Attending college can take a toll on your finances, with most students paying upward of $20,000 annually. Students can look to scholarships, grants and work-study programs to help pay for the cost, but many students also need to explore student loans. A federal Direct Loan is a type of student loan issued by the Department of Education that both undergraduates and graduates can use to cover the cost of education. Keep reading to learn how a federal Direct Loan works and who it s best for.
What is a federal Direct Loan? ....

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