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Fast Facts

During the past decade, federal student loan programs have assumed a central role in making postsecondary education a reality for millions of Americans.

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LOAN FACTS

Student Loan Facts

The Federal Direct Loan Program has not saved money

After 10 years, the Direct Loan program has not saved a single dime. In fact, the Direct Loan program has spent $10.7 billion more on interest payments than it has collected in interest and fees.