Moreover, school financial aid officials said that under the Direct Loan Program they were also able to easily change the amount of a loan if needed. For example, schools can adjust the amount of a Direct Loan to reflect changes in students’ courseload or increases in grant and scholarship aid—events that could affect the loan amount available to borrowers. The fourth factor—ease of tracking student loans over time— was important because the Direct Loan Program improved the loan process for students. Under the Direct Loan Program, for example, student borrowers could easily track their loans because the same lender held the loans through repayment, which was often not the.
