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Fast Facts

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.

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Student Loan Facts

FFELP saves taxpayers money

Since FY 2001, the FFELP has returned more than $12 billion to the Treasury because the government had significantly overestimated the cost of this program.