William D. Ford Direct Loan Program – sometimes referred to as the Direct Loan Program or even “Obama Student Loan Forgiveness” which is a nickname and not an actual program. Student loans provided by the U.S. Department of Education to enable a student to pay for education after high school. Eligible students borrow directly from the U.S. Department of Education at participating schools. Direct Loans include the following types of federal student loans: Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans, and Direct Consolidation Loans. Direct Loans qualify for loan forgiveness under the right circumstance and repayment plan.