A part-time employment program which helps provide jobs for students who are in need of earnings to meet a portion of their educational expenses. 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. A federally financed student loan made to students meeting eligibility requirements. Students need not demonstrate financial need.
Interest is charged throughout the life of the loan.
Federal Methodology 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. Sometimes referred to as tuition. The difference between the student's cost of attendance and the expected family contribution. Forbearance An arrangement to postpone or reduce a borrower's monthly payment amount for a limited and specified period, or to extend the repayment period.