Who qualifies for a direct loan?
Am I eligible for a Direct Subsidized Loan or a Direct Unsubsidized Loan? To receive either type of loan, you must be enrolled at least half-time at a school that participates in the Direct Loan Program. Generally, you must also be enrolled in a program that leads to a degree or certificate awarded by the school.
What is a direct government loan?
A federal Direct Loan is a federal student loan made directly by the U.S. Department of Education. Generally, if you took out a federal student loan or consolidated your loans on or after July 1, 2010, you have a federal Direct Loan. Direct Subsidized Loans. Direct Unsubsidized Loans.
Is a federal direct loan a good deal?
Full Review. Federal direct student loans are the best option for students who need to borrow money to pay for college. Unlike private student loans, federal direct student loans don’t require credit history or a co-signer. They also offer borrowers more repayment options and protections to prevent default.
Is direct loans a federal loan?
What Is a Federal Direct Loan? The Department of Education makes Federal Direct Loans. The four main types of Direct Loans are Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans, and Direct Consolidation Loans.
What is an unsubsidized loan?
An unsubsidized loan is a federal loan for undergraduate college students who are still in school, and need for help to pay for tuition and related expenses.
What is a Federal PLUS loan?
A PLUS loan is a federal loan that graduate students, professional students, and parents of dependent undergraduate students can use to help pay for higher education expenses not covered by other financial aid.
What is a direct loan?
Direct Loans are loans that are funded and owned by the U.S. Department of Education through the William D. Ford Federal Direct Loan (Direct Loan) Program. This is the only federal student loan program currently authorized and available to students.
What is a federal grant?
In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law…