Federal Direct Loans are low-interest loans for students to help pay for the cost of their education. The lender is the U.S. Department of Education and offers the following types of loans:
| Subsidized Loans Available to undergraduate and post-baccalaureate students For students with demonstrated financial need. No interest is charged while a student is in school at least half-time, during the grace period, and during deferment periods. Unsubsidized Loans Available to undergraduate, post-baccalaureate, and graduate students Loans that are not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods. |
Terms and Conditions See deferment for additional terms and conditions.
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To apply for Direct Loans, students should complete the Free Application for Federal Student Aid (FAFSA) in order to assess the student's financial need for student aid. Be sure to review the Federal Direct Loan Disclosure and Borrower’s Rights and Responsibilities before signing your Master Promissory Note.