Federal Student Loans
Federal student loans are loans that must be repaid, plus an agreed upon interest rate. New federal student loans are run through the Federal Direct Loan Program (FDLP). An FDLP student loan is originally borrowed from or currently owned by the Department of Education. Any federal student loan borrowed after June 2010 are FDLP loans, though the barrower of the student loan could receive FDLP loans before that time.