This loan provides funding to help students pay some of their own costs. The loan is made to you, the student, and you are responsible for repayment of this debt.
Eligibility is contingent upon completion of appropriate application documents.
Repayment of principal begins six months after you cease to be a student enrolled on at least a half-time basis. The are two types of Direct Loan. If you demonstrate sufficient financial need, you qualify for the Subsidized Direct Student Loan. The federal government pays the interest on this loan while you remain at least a half-time student. The amount of your student loan depends on the number of courses you have successfully completed.