Parent contribution plus student contribution. This is the amount the family is expected to pay toward the student's cost of attendance. The William D. Ford Federal Direct Loan Program , also referred to as the Direct Loan Program, is a federal program that provides loans to student and parent borrowers directly through the U.S. Department of Education. When repayment does begin, the interest rate of the loan depends on when the student first borrowed in the program. Students need not demonstrate financial need.
Interest is charged throughout the life of the loan.
Federally-approved standardized formula to determine a student's financial aid eligibility. Grants to undergraduate students with exceptional financial need who have not completed their first baccalaureate degree. The difference between the student's cost of attendance and the expected family contribution. The borrower is charged interest for forbearance. Federal form that a student must file in order to apply for any student aid except the Parent Loan.