Federal Direct Stafford Loan Program:Read About This Right Right Here FIT participates within the William D. Ford Federal Direct Loan Program. A Stafford Loan is a federally-sponsored, low-interest loan accessible to help with academic costs. The funds with this loan come straight through the Federal Department of Education. They'll remain the financial institution for the full life of the mortgage in addition to loan will never be offered. Who's entitled to Direct Stafford Loans? U.S. resident or an qualified non-citizen and pupil admitted in a qualification system and FAFSA needs to be finished and prepared by ...