# William D. Ford Federal Direct Loan Program
> **US Department of Education** · Final regulations. · Published 1999-10-27 · 64 FR 57960
## Document
- **Document number:** 99-27719
- **Category:** education-loans
- **Agency:** US Department of Education
- **Federal Register citation:** 64 FR 57960
- **CFR reference:** 34 CFR 685
- **Publication date:** 1999-10-27
## Abstract

The Secretary amends the regulations governing the William D. Ford Federal Direct Loan (Direct Loan) Program. The amendment is a result of a recently enacted change made to the Higher Education Act of 1965, as amended (HEA) by the Higher Education Amendments of 1998 (1998 Amendments). These final regulations reflect the Secretary's authority to charge reduced interest rates on Direct Loan Program loans to encourage on-time loan repayment.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1999/10/27/99-27719/william-d-ford-federal-direct-loan-program)
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