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Direct Loan Program

   Also found in: Acronyms 0.01 sec.
Direct Loan Program
Fixed-rate loans offered by the Ex-Im Bank directly to the foreign buyer to purchase US capital equipment and services.

Direct Loan Program
A division of the ExIm Bank that makes loans to foreign companies with the requirement that they use the proceeds to buy American exports. Direct loans are made for the foreign company's capital outlays; they carry a fixed interest rate. See also: Federal Direct Student Loan Program.


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Meyers said the university already made the switch to the Direct Loan program two years ago.
Congress, however, acted to keep the private student lending industry healthy, both by starving the direct loan program and approving the privatization of the Student Loan Marketing Association.
Federal loans that are granted through the direct loan program may qualify for an income contingent repayment plan.
 
 
 
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