Federal Direct Loans
General Information
The lender is the U.S. Department of Education. To apply for a Direct Loan, you must complete and submit the . There are two types:
| Federal Direct Subsidized Loan | Federal Direct Unsubsidized Loan* |
|---|---|
|
Based on financial need. Interest is paid by the government while you are enrolled at least half-time and during grace periods of deferment. Only Undergraduate students are eligible for subsidized loans. |
Not based on financial need. Interest begins to accrue within 60 days of disbursement.
Graduate students are only eligible for unsubsidized loans. |
*Graduate students are only eligible for unsubsidized loans.
You must accept your loans in . If this is your first time receiving a Direct Loan, you will be required to complete Entrance Counseling and the Master Promissory Note (MPN) at .
Visit to access and monitor all of your federal loan information, including contact information for your loan servicers.