expenses available from eligible lenders such as banks, credit unions, savings and loan associations, pension funds, insurance companies, and schools; to vocational, undergraduate, and graduate students enrolled at eligible postsecondary institutions. Loans can be used to pay the costs associated with obtaining a college education. Also available is the PLUS program, which allows parents to borrow for their dependent student. More information is available by contacting the lending institution regarding the loans available and the application procedure. Money available: $9,541,000,000. The amount of money per student varies depending on year in school, GET LOANS DIRECTLY FROM YOUR SCHOOL (Federal Direct Student Loan Program) Division of Policy Development, Policy, Training, and Analysis Service Office of Assistant Secretary for Postsecondary Education US Dept of Education Washington DC 20202 202-433-3243 472 The program objective is to provide loans directly to students through school, rather than through private lenders. Direct lending will save taxpayers an estimated $4.8 billion dollars, and make borrowing simpler, faster, and easier. Money can be used to help defray the cost of higher education. Students will be offered an income contingent repayment option that tailors monthly payments to the borrower s income. To apply for this
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