All recipients must be enrolled at least half time in a degree- seeking program.
Interest rates are low and repayment terms vary.
You can only apply for a student loan once a school year. The subsidized Federal Direct Loan is need-based. The federal government pays interest on the loan until you begin repayment and during authorized periods of deferment. An unsubsidized Federal Direct Loan is non need-based and was created for borrowers who do not qualify for subsidized Federal Direct Loans. Borrowers will be charged interest from the time the loan is disbursed until it is paid in full.