Direct Loans and FFEL: Repayment and Counseling Requirements

Updated in August 2013 for the 2013-14 program year. 


Direct Loans and FFEL: Repayment & Counseling RequirementsThis 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. The 2013-14 edition includes relevant information on the new 150 percent limitation on borrowing Direct Subsidized Loans. 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.

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Learning Objectives

Lesson 1: Direct Loan & FFEL Repayment Features 

  • Identify and understand the major repayment features of Direct and FFEL loans.

Lesson 2: Direct Loan & FFEL Repayment Plans 

  • Know which repayment plans are available to borrowers under the Direct Loan and FFEL programs;
  • Understand borrower choice and restrictions among available repayment plans;
  • Understand the monthly payment amounts, repayment term lengths, and special conditions associated with each of the repayment plans; and
  • Know that repayment plan counseling tools and calculators are available to borrowers and where to find them.

Lesson 3: Loan Counseling 

  • Understand when loan counseling is required;
  • Identify who must complete entrance and exit counseling;
  • Identify the various counseling formats and documentation requirements; and
  • Understand the required content of loan counseling and its purpose.

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