the federal direct student loan program started on november 8, 1965.
when did the federal direct student loan program start?
november 8, 1965
following the passage of the health care and education reconciliation act of 2010, the federal direct loan program is the sole government-backed loan program in the united states. guaranteed loans—loans originated and funded by private lenders but guaranteed by the government—were eliminated because of a perception that they benefited private student loan companies at the expense of taxpayers, but did not help reduce costs for students.





























section::::political history.





























president george h. w. bush authorized a pilot version of the direct loan program, by signing into law the 1992 reauthorization of the higher education act of 1965.
federal direct student loan program
federal direct student loan program





























the william d. ford federal direct loan program (also called fdlp, fdslp, and direct loan program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. 





























the lender is the u.s. department of education ... rather than a bank or other financial institution."
federal direct student loan program