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Federal Direct Student Loans

Program Information

Popular name

N/A

Program Number

84.268

Program objective

To provide loan capital directly from the Federal government to vocational, undergraduate, and graduate postsecondary school students and their parents.

Program expenditures, by FY (2023 - 2025)

This chart shows obligations for the program by fiscal year. All data for this chart was provided by the administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.

For more information on each of these data sources, please see the About the data page.

Additional program information

  1. 2016

    Funding is expected to provide loans to approximately 9.7 million borrowers. Funding is expected to provide loans to approximately 9.4 million borrowers

  2. 2017

    Funding is expected to provide loans to approximately 8.7 million borrowers.

  3. 2018

    Funding is expected to provide loans to approximately 8.5 million borrowers.

  4. 2019

    Funding is expected to provide loans to approximately 7.9 million borrowers.

  5. 2024

    Funding is expected to provide loans to approximately 7.5 million borrowers.

  6. 2025

    Funding is expected to provide loans to approximately 7.5 million borrowers.

Single Audit Applies (2 CFR Part 200 Subpart F):

For additional information on single audit requirements for this program, review the current Compliance Supplement.

OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.

Student Loan Reform Act of 1993, Public Law 103-66, 34 CFR 685.

  1. IV, D, Higher Education Act of 1965, as amended.

Program details

Program types

Eligible applicants

Eligible beneficiaries

  • Education (13+)
  • Education Professional
  • Graduate Student
  • Individual/Family
  • Student/Trainee

Additional resources