Phases-in cuts in the interest rate charged undergraduate student borrowers under the Federal Family Education Loan (FFEL) and Direct Loan (DL) programs, thereby reducing such rate from 6.8% in July 2006 to 3.4% in July 2012. ...

Student Loan Consolidation Information - What Is The William D ...
The Direct program began about 15 years ago and in reliable American fashion was used to remove the middle man, instead of having the banks, credit unions and other private businesses lend money to students and their parents, ...