The Direct Loan Program is a federal initiative that provides students with loans to help cover the costs of higher education. It offers various types of loans, including Direct Subsidized Loans for students with financial need and Direct Unsubsidized Loans for those who do not demonstrate financial need. These loans typically have lower interest rates compared to private loans and offer flexible repayment options. Students can apply for the Direct Loan Program by completing the Free Application for Federal Student Aid (FAFSA). Once approved, funds are disbursed directly to the educational institution, helping to pay for tuition, fees, and other related expenses. Repayment usually begins after the student graduates or drops below half-time enrollment.