You pay an origination fee on the gross amount borrowed. Loans may be either need or non-need based. Direct Loan Servicing Center the U.S. Department of Education's agent contracted to collect Direct Loans and handle deferments, repayment options, and consolidations. Priority is given to students with exceptional financial need, as defined by University of Minnesota, Twin Cities. Federal Quality Assurance Program a program to assure that delivery of student aid funds is conducted accurately, expediently, and with integrity.
Participants are student financial aid applicants selected at random.
The form is required whether or not you received financial aid while you were a student at that institution. The borrower is charged interest during a forbearance. Ford Federal Direct Loan Program a loan for parents with good credit histories who want to borrow for their dependent student. Parents of independent students are not eligible for Direct PLUS Loans. This rate may be fixed or variable.