The William D. Ford Federal Direct Loan Program makes Stafford loans available to students directly through the Federal Government. Direct Stafford unsubsidized loans are awarded regardless of need. Interest comes due within 60 days after receiving the loan, however, interest may be deferred until the student leaves school. Applicants must complete either the paper or electronic Free Application for Federal Student Aid. The priority processing date is February 15, prior to the academic year.
Loans vary by eligibility and academic year grade level.
William D. Ford Federal Direct PLUS Loan Program William D. Ford Federal Direct PLUS Loan Program offers loans to parents of students directly from the Federal Government. Interest becomes due 60 days after the parent receives the loans. The interest can be deferred until the student leaves school. Applicants must complete either the paper or the electronic Free Application for Federal Student Aid. The priority processing date is February 15, prior to the academic year.