Funds for this loan are provided by the federal government. Repayment begins after graduation at a low rate of interest. Eligibility is based on the student's need and is determined from the Free Application for Federal Student Aid. Federal Direct Unsubsidized Loan. This loan is available from the federal government.
Interest accrues immediately.
However, repayment may be deferred until after graduation. Federal Direct Parent Loans to Undergraduate Students. Parents may borrow up to the full cost each year from the federal government. Repayment begins immediately. Employment Federal Work-Study Program.