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Federal Education Loan

What Exactly Is a Federal Education Loan?

A Federal Direct education loan is educational funding that must certanly be repaid with interest. Butte university participates into the Federal Direct Loan Program. Direct loans are low-interest education loans for pupils to greatly help buy university expenses. There's no credit check or cosigner expected to qualify. The lending company may be the U.S. Department of Education, which assigns loans to at least one of the contracted loan servicers for the national nation after that loan is originated by way of a college for the pupil.