Barry University participates in the William D. Ford Federal Direct Loan Program. Direct Loans provide students with a low-interest way to borrow money to pay for their higher education. The U.S. Department of Education is the lender for Direct Loans rather than a bank or other financial institution. Direct Loans are:
- Simple: You borrow directly from the federal government, who will assign your loans to a loan servicer. Typically all of your loans will be assigned to the same servicer, even if you receive Direct Loans at different schools.
- Convenient: You will have online access to your Direct Loan account information 24 hours a day, 7 days a week.
- Flexible: You can choose from a variety of repayment plans that are designed to meet the needs of almost any borrower, and you can switch repayment plans as your needs change.