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Federal Direct Student Loans

Types of Assistance

    Direct Loans:
    Financial assistance provided through the lending of Federal monies for a specific period of time, with a reasonable expectation of repayment. Such loans may or may not require the payment of interest.

Financial Information

    Account Identification:
    91-0243-0-1-502.

    Obligations:
    (Loan volume, net of consolidations) FY 05 $12,930,000,000; FY 06 est $13,874,000,000; and FY 07 est $15,158,000,000. Direct Loan Consolidation volume: FY 05 $15,685,000,000; FY 06 est $13,694,000,000; and FY 07 est $7,898,000,000.

    Range and Average of Financial Assistance:
    Varies depending on the type of loan.

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