Federal Direct Unsubsidized Stafford Loans - These loans may be borrowed regardless of your financial need, but interest will be charged beginning the day the loan is disbursed to you until the day the loan is repaid in full. You may pay accumulating interest or you have the option of capitalizing the interest. Federal Direct PLUS Loans - If you are a dependent student, your parents may borrow a PLUS loan to help cover your educational expenses. These are unsubsidized loans to parents that must be repaid. The repayment period varies from 12-30 years.
Payments begin low and increase at set intervals.
Repayment period varies from 12-30 years. Payments are based on your income and the repayment period is over 25 years. Additional information about repayment options is available at your entrance and exit interview. If you wish to apply for a Direct Loan, complete your entrance interview and submit the Federal Direct Student Loan Application. Please send content questions or comments to the Editor .