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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?

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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?

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A24. Colleges may participate in both the FFELP and the Federal Direct Loan Program. The college will decide the program in which they will certify a students loans. Its also important to keep in mind that you will be allowed to borrow under only one program, the Federal Direct Loan Program or FFELP, during a period of enrollment.

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