Federal Direct Loan
Student loans, unlike grants and Work-Study, are borrowed money that must be repaid, with interest. You cannot have these loans canceled because you didn‘t like the education you received, didn‘t get a job in your field of study, or because you‘re having financial difficulty. Loans are legal obligations, so before you take out a student loan, think about the amount you need and do not request more than you need for your education. Your Federal Student Loans: Learn the Basics and Manage Your Debt (PDF) can help you learn more about federal student loan debt. You can find this publication at www.FederalStudentAid.ed.gov William D. Ford Federal Direct Loan Program.