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Federal Direct Loans

Did you know you can borrow less than your total loan offer?

A little math now can save you hundreds or thousands of dollars later! Wise borrowing means knowing how to figure out how much you need to borrow to cover your expenses and borrowing only that amount. Take a look at this budget example to help you think about your own budgeting process.

Federal Direct Subsidized Loan

A Federal Direct Subsidized Loan is a low-interest, need-based loan with flexible repayment options.

Am I Eligible?

This loan is available to undergraduate students who meet basic eligibility requirements.
The U.S. Department of Education pays the interest on a Direct Subsidized Loan:

  • While you’re in school at least half-time
  • For the first six months after you leave school (referred to as a grace period)*
  • During a period of deferment (a postponement of loan payments)

*Note: If you received a Direct Subsidized Loan that was first disbursed between July 1, 2012, and July 1, 2014, you will be responsible for paying any interest that accrues during your grace period. If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance.

See more information about eligibility requirements, interest and fees, repayment option and the latest federal student aid updates.

Federal Direct Unsubsidized Loan

A Federal Direct Unsubsidized Loan is a non-need based, low-interest loan with flexible repayment options. It is available to both undergraduate and graduate students.

The Department of Education has information about eligibility, borrowing limits, interest and fees, repayment information, and the latest federal student aid updates.

Helpful Tips

After you receive your official financial aid offer, you can work on completing loan requirements. To begin, you should: