摘要: Two major federal student loan programs, the Federal Direct Loan Program (FDLP)and the Federal Family Education Loan Program (FFELP), together provided student borrowers with about 9 million loans totaling $42.9 billion in fiscal ... 展开 Two major federal student loan programs, the Federal Direct Loan Program (FDLP)and the Federal Family Education Loan Program (FFELP), together provided student borrowers with about 9 million loans totaling $42.9 billion in fiscal year 1999. The federal governments role differs significantly between the two programs. Under FDLP, often referred to as the direct loan program, students or their parents borrow money directly from the federal government through the schools the students attend. The first FDLP loans were made in the fourth quarter of fiscal year 1994. Under FFELP, also known as the guaranteed student loan program, money is borrowed from private lenders such as banks, and the federal government guarantees repayment if the borrowers default. FFELP is the older of the two programs, having started in fiscal year 1966. The Department of Education administers both programs. 收起