Federal and state governments, foundations, private and public organizations are primary sources of financial aid. Be sure to check with your financial aid director, study abroad advisor or bursar about whether your financial aid can apply to study abroad. The Federal Direct or the Guaranteed William D. Ford Loan is also called a Direct Subsidized Loan. It is available to students who demonstrate need.
Federal government pays interest on the loans as long as the student is enrolled half-time.
Repayment begins after you graduate, leave school, or drop below half time. The Federal Direct or Guaranteed William D. Ford loan can also be an Unsubsidized Loan. It is available to students regardless of need but interest is charged to the students while in school. A student may choose to make the interest-only payments on the unsubsidized loan. or allow the interest to be added to the loan principal and then pay both principal and interest after leaving school. Federal Plus loans are available to parents of dependent students.