The William Ford Loan Program (Federal Direct Loan Program) cannot be used as no cosigner student loans because credit history is important when qualifying for this federal loan program. Bad credit will disqualify all applicants. Never-the-less, this program makes it possible for many to attend college, when there was no other available funding for them. This is not a loan through a bank. It is actually a series of loans that you apply for directly at your college or university – but the loan is actually from the United States Department of Education. These are low interest loans that are granted to parents or students to pay for college. If money must be borrowed to pay for your education, this is the most affordable loan that you could get. Regardless of which type of loan or loans you are granted, you will make your application, your payments, and inquiries to the William Ford Loan Federal Direct Loan Program.