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The document announces that the Department of Education is soliciting applications from schools to participate in the William D. Ford Federal Direct Loan Program for the 1996-1997 academic year. Schools have until November 1, 1995 to submit applications. The Direct Loan Program provides loan capital directly to students and parents from the Federal Government rather than through private lenders. The Secretary aims to increase the loan volume under the Direct Loan Program to 50% of total student loan volume

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