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The Federal Direct Loan Program has accumulated a very large outstanding loan portfolio of about $1.5 trillion and this number will continue to rise along with the percentage of defaults. A common concern associated with the program is the effect on the economy and repercussions for students that must repay these loans.
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Loans that were bought by the Department of Education were eventually sent out to servicers, since the government originates loans through the Direct Loan program but doesn’t service them.
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related to: direct loans contact number customer service amazon phone number customer service telephone number