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Direct Loan Program

Jeanette Said:

Have anyone heard of the William D. Ford Federal Direct Loan Program?

We Answered:

Yes--one of my loans last year was from this program. I received it through my FAFSA, although as the person above me said, you should be able to get a loan without your parents' information. Try asking about loans at your local banks and credit unions, because they usually offer financial aid to students in the area.

The reason your parents' income matters is because, as a student, the government expects your parents to help you pay for college. If your parents make a lot, they expect some of that income to go towards your tuition, so they don't give you as much financial aid. If your parents didn't make very much, or if you were financially independent, they would probably give you more financial aid because you wouldn't have your parents' income to rely on.

Also remember that you can go to scholarship search websites like and enter all your information, and they'll look up scholarships and loans for you!

Best of luck!

Carolyn Said:

Guaranteed loan and direct loan program?

We Answered:

the USDA does not make loans, they insure them. A bank makes the loan.

Irene Said:

Can you file bankruptcy on a direct consolidation loan?

We Answered:

Check the sites thoroughly. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.

Denise Said:

William d Ford Federal Direct Loan Program?

We Answered:

They can do whatever they want.

Garnish wages, you name it.

Student loans are NOT bankruptable.

Jared Said:

new direct loan program....results=they suck!!!?

We Answered:

You're not the first person I've heard this from on this board. I think you're right - something might be up. That is not good, as you know. That is severely not good. I assume you've spoken in person with someone in financial aid at your school, yes? If not, then please do so. You need to know what your options are from this point. If you don't get a satisfactory answer, then make an appointment to speak to the director of financial aid. Bring your parents if they're able to attend the meeting. I know you're an adult now, but it can help to have some backup.

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