Federal Direct Student Loans
Program Objectives
To provide loan capital directly from the Federal government to vocational, undergraduate, and graduate postsecondary school students and their parents.
Who Can Benefit
Vocational, undergraduate, and graduate postsecondary school students and their parents.
Financial Information
Award Amounts
N/A
Program Funding
(Direct Loans) FY 23$85,103,121,000.00; FY 24 est $91,560,354,000.00; FY 25 est $92,912,816,000.00; FY 22$83,507,645,000.00; FY 21$84,456,530,000.00; FY 20$88,446,619,000.00; FY 19$90,660,894,000.00; FY 18$95,864,248,000.00; FY 17$93,812,654,000.00; FY 16$95,462,059,000.00; - Figures represent Net Commitment Loan volume, without Consolidation.(Direct Loans) FY 23$40,784,748,000.00; FY 24 est $73,224,171,000.00; FY 25 est $41,464,355,000.00; FY 22$35,826,082,000.00; FY 21$19,964,715,000.00; FY 20$30,400,791,000.00; FY 19$39,892,538,000.00; FY 18$41,632,348,000.00; FY 17$48,762,128,000.00; FY 16$45,633,297,000.00; - (Figures represent Net Commitment Consolidation volume)
Program Recipients (FY2025)
Funding is expected to provide loans to approximately 7.5 million borrowers.
How to Apply
To apply for this grant, you must complete the Free Application for Federal Student Aid (FAFSA). Your school's financial aid office will determine your eligibility based on your FAFSA information.
Administering Agency
OFFICE OF FEDERAL STUDENT AID, EDUCATION, DEPARTMENT OF
Data Source
Information from SAM.gov Assistance Listings. Last updated: December 2024.
Program Details
- CFDA Number
- 84.268
- Assistance Type
- DIRECT LOANS
- Official Website
- www.ifap.ed.gov/....
Related Programs
- Adult Education - Basic Grants to States (CFDA 84.002)
- Civil Rights Training and Advisory Services (also known as Equity Assistance Centers) (CFDA 84.004)
- FSEOG (CFDA 84.007)
- Title I Basic, Concentration, Targeted and Education Finance Incentive Grants (CFDA 84.010)
- Title I State Agency Program for Neglected and Delinquent Children and Youth (CFDA 84.013)