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In the past, borrowers received federal student loans from banks and other financial institutions. Under a new law that went into effect July 1, 2010, all federal student loans will be provided directly from the government through the financial aid office at the postsecondary institution the student is attending. --from the FDIC Consumer News, Fall 2010

For more information about saving and paying for college from the FDIC, the Department of Education, and other government agencies, start at www.mymoney.gov/category/topic1/going-college.html

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