The following are common terms and their definitions in the world of financial aid. Or it must be at least 36 quarter hours if a program is measured in credit hours. Direct Lending - The Direct Lending Program is another approach to delivering educational loans to eligible student borrowers. The difference is that the federal government lends funds to eligible borrowers through the school, eliminating the role of lenders and guaranty agencies.
Students repay their loans directly to the federal government.
Not every school participates in this program. Check with the financial aid officer at your institution. If a school is a direct lender, it will determine how a federal student loan is obtained. Enrollment Status - the number of credit hours being attempted by a student. Normally, students must be half-time or more to apply for scholarships.