Stafford vs Direct

Discuss Stafford, PLUS, Direct, and other federal loan products.

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Stafford vs Direct

Postby sharee » Sun Apr 27, 2008 7:09 pm

My parents where rejected for the PLUS loan....I currently have a Direct loan...I was wondering whats the difference between a Direct and a Stafford loan??
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Re: Stafford vs Direct

Postby Ms. Stafford » Wed Apr 30, 2008 8:11 am

Hello...there are 2 types of Stafford loans

1. FFELP
2. Direct

FFELP stands for the federal family education loans program. If you go to a school that participates in Direct lending, then all that means is that your Stafford loan will be lent to you direct from the gov't as oppposed to a private bank that does Federal loans (sallie mae, citibank, etc).
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