34 C.F.R. § 685.100 The William D. Ford Federal Direct Loan Program.
Title 34 - Education
Link to an amendment published at 71 FR 45709, Aug. 9, 2006. (a) Under the William D. Ford Federal Direct Loan (Direct Loan) Program (formerly known as the Federal Direct Student Loan Program), the Secretary makes loans to enable a student or parent to pay the costs of the student's attendance at a postsecondary school. This part governs the Federal Direct Stafford/Ford Loan Program, the Federal Direct Unsubsidized Stafford/Ford Loan Program, the Federal Direct PLUS Program, and the Federal Direct Consolidation Loan Program. The Secretary makes loans under the following program components: (1) Federal Direct Stafford/Ford Loan Program (formerly known as the Federal Direct Stafford Loan Program), which provides loans to undergraduate, graduate, and professional students. The Secretary subsidizes the interest while the borrower is in an in-school, grace, or deferment period. (2) Federal Direct Unsubsidized Stafford/Ford Loan Program (formerly known as the Federal Direct Unsubsidized Stafford Loan Program), which provides loans to undergraduate, graduate and professional students. The borrower is responsible for the interest that accrues during any period. (3) Federal Direct PLUS Program, which provides loans to parents of dependent students. The borrower is responsible for the interest that accrues during any period. (4) Federal Direct Consolidation Loan Program, which provides loans to borrowers to consolidate certain Federal educational loans. (b) The Secretary makes a Direct Subsidized Loan, a Direct Unsubsidized Loan, or a Direct PLUS Loan only to a student or a parent of a student enrolled in a school that has been selected by the Secretary to participate in the Direct Loan Program. (c) The Secretary makes a Direct Consolidation Loan only to— (1) A borrower with a loan made under the Direct Loan Program; or (2) A borrower with a loan made under the Federal Family Education Loan Program who is not able to receive— (i) A Federal Consolidation Loan; or (ii) A Federal Consolidation Loan with income-sensitive repayment terms that are satisfactory to the borrower. (Authority: 20 U.S.C. 1087a et seq.)
Title 34: Education
PART 685—WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM
Subpart A—Purpose and Scope
§ 685.100 The William D. Ford Federal Direct Loan Program.
