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?
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.
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?
- If I borrow funds under the Federal Family Educational Loan Program (FFELP), i.e. Stafford loans, when do I have to begin to repay these funds?
- Can I borrow a federal loan through both the Federal Direct Loan Program and the Federal Family Education Loan Program (FFELP)?