What is the definition of direct line loans?
Direct line loans are loans made by a loaner without a third party business or company. For example, if you had a friend named Jack and he had a friend named Tim; and you decided to borrow $10 from Jack. Assuming that Jack doesn't actually have 10 dollars on him, he could borrow 10 dollars from Tim to give to you. In this situation, you would repay Jack who would in turn repay Tim. Thus, not a direct line loan.
What are the interest rates for federal student loans?
|Undergraduate Borrowers||Graduate or Professional Borrowers||Parents and Graduate or Professional Students|
|Direct Subsidized Loans and Direct Unsubsidized Loans||Direct Unsubsidized Loans||Direct PLUS Loans|
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