Federal Direct Student Loan Program - FDSLP

AAA

DEFINITION of 'Federal Direct Student Loan Program - FDSLP'

A program that provides low-interest loans to postsecondary students and their parents. The William D. Ford Federal Direct Student Loan Program is issued and managed by the U.S. Department of Education and is the only government-backed loan program in the United States. Students who wish to apply for funding from the FDSLP must first submit the Free Application for Federal Student Aid (FAFSA).

INVESTOPEDIA EXPLAINS 'Federal Direct Student Loan Program - FDSLP'

Several types of loans are available under the FDSLP, including subsidized direct loans, unsubsidized direct loans, Direct Plus Loans and Direct Consolidation loans. All loans that are granted through the FDSLP have maximum amounts set each year, with each successive year allowing for an increase in the total maximum yearly amount, with set aggregate amounts.

RELATED TERMS
  1. Free Application For Federal Student ...

    The form that must be completed in order to qualify for any type ...
  2. Higher Education Act of 1965 – ...

    A law designed to strengthen the educational resources of the ...
  3. Stafford Loan

    Federal, fixed-rate student loans available to college and university ...
  4. Education Loan

    Money borrowed to finance education or school related expenses. ...
  5. PLUS Loan

    A low-cost student loan offered to parents of students currently ...
  6. 529 Plan

    A plan that allows for the prepayment of qualified higher education ...
Related Articles
  1. Credit & Loans

    Does interest on my student loan accumulate during forbearance?

    Learn the differences between student loan deferment and forbearance and how interest accumulates on the principal loan balance with each type.
  2. Credit & Loans

    Your Kid's College Loan: Who Should Foot The Bill?

    Discover the federal student loan options for both parents and students.
  3. Credit & Loans

    College Loans: Private Vs. Federal

    Not all student loans are the same. Know what you're getting into before signing on the dotted line.
  4. Budgeting

    Pay For College Without Selling A Kidney

    Save thousands of dollars on tuition with these tricks and little-known programs.
  5. Credit & Loans

    Student Loan Deferment: Live To Pay Another Day

    Extending your principal repayment date can increase your chances of fighting off default.
  6. Credit & Loans

    Student Financial Aid Changes: FAFSA 2009

    The Free Application for Federal Student Aid got an upgrade in 2009. All those applying should be aware of these improvements.
  7. Credit & Loans

    All About Student Loans

    Student loans bridge the gap between college savings, scholarships and the part-time work.
  8. The annual percentage rate, or APR, is the cost per year of borrowing.
    Credit & Loans

    What's the Annual Percentage Rate (APR)?

    The annual percentage rate, or APR, is the cost per year of borrowing. By law, all financial institutions must show customers the APR of a loan or credit card, which clearly indicates the real ...
  9. Magna cum laude is one of three Latin honors.
    Personal Finance

    What Does "Magna Cum Laude" Mean?

    Magna cum laude is one of three Latin honors used by many academic institutions to recognize their best students.
  10. These days, those attending college have plenty of ways to get affordable medical insurance, from student health plans to those sold on an exchange.
    Insurance

    4 Smart Ways To Get Health Insurance In College

    These days, those attending college have plenty of ways to get affordable medical insurance, from student health plans to those sold on an exchange.

You May Also Like

Hot Definitions
  1. Christmas Island Dollar

    The former currency of Christmas Island, an Australian island in the Indian Ocean that was discovered on December 25, 1643. ...
  2. Santa Claus Rally

    A surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations ...
  3. Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often ...
  4. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  5. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  6. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
Trading Center