What is a federal Direct Loan? How do I find out what kind of federal loan I have?
Answer: A federal Direct Loan is a federal student loan made directly by the U.S. Department of Education. You can learn more about what type of loan you have through the National Student Loan Data System (NSLDS)
Generally, if you took out a federal loan or consolidated your loans after July 1, 2010, you have a federal Direct Loan.
All federal Direct Loans are eligible for Public Service Loan Forgiveness and Income-Based Repayment. Some recent Direct Loans may be eligible for Pay As You Earn, a new income-driven repayment plan that offers even lower monthly payments for some borrowers.