direct loan
Unaltered foreign word
A direct loan is money borrowed straight from a lender rather than through an intermediary.
The term appears most often in U.S. federal student aid, where Direct Loans come from the government itself rather than private banks.
Direct loans typically offer standardized terms and may have lower fees than brokered alternatives.
- lenderOne who loans money
- borrowerOne who takes temporarily
- principalChief school administrator
- interestAttention, stake, or fee
- interest rateCost of borrowing money
repayment · payment plan · federal · student · subsidized · promissory · mortgage · government · disbursement · origination · servicer · default · grace period · consolidation · fixed-rate · bank · collateral · underwriting
- loanslend, borrow, borrower, lender, microloan
- federal loansfederal aid, FAFSA, federal grants, Pell Grant