Updated in January 2015 for the 2014-15 program year.
This guide introduces the various features of Federal Direct Student Loan (Direct Loan) and Federal Family Education Loan (FFEL) repayment, including repayment plans, deferment options, forbearance, and cancellation. The guide also reviews loan forgiveness options, Direct Loan entrance counseling requirements, and exit counseling requirements for both Direct Loan and FFEL borrowers. Individuals who complete this self-study guide must also complete the other Direct Loans self-study guide, Direct Loans & FFEL: Eligibility & Frequency, before taking the credential test for Direct Loans.
Available as a PDF only.
Lesson 1: Direct Loan & FFEL Repayment Features
Lesson 2: Direct Loan & FFEL Repayment Plans
Lesson 3: Loan Counseling