direct loans
Straight linguistic imports
Direct loans are funds borrowed straight from the lender rather than through an intermediary.
In U.S. education, Direct Loans specifically refers to federal student loans issued by the Department of Education: She took out direct loans to cover tuition.
The term distinguishes government-originated loans from those made by private lenders or guaranteed through third parties.
- borrowingTemporary taking of another's
- lenderOne who loans money
- federalDivided governmental authority
- subsidizedOffset by external funding
- unsubsidizedNot financially supported
principal · interest · interest rate · repayment · FAFSA · financial aid office · promissory note · disbursement · cost of attendance · grace period · default · forgiveness · consolidation · servicer · origination fee · financial aid · Stafford · Perkins
- federal loansfederal aid, FAFSA, federal grants, Pell Grant
- Farm Loansmicroloans
direct, loan, directly, direction, directional, director, directory, indirect, indirectly