The U.S. Department of Education offers low-interest loans to eligible students. Students may be eligible to receive subsidized and unsubsidized loans based on their financial need.
Are interest rates on loans fixed for the life of the loan?
Some are. You can find out how interest is calculated on the website.
What are the requirements to be eligible for a Direct Subsidized Loan?
You must be enrolled at least half-time at a school that participates in the Direct Loan Program. You must also be enrolled in a program that leads to a degree or certificate awarded by the school. Direct Subsidized Loans are available only to undergraduate students who need financial aid.
Is there something else that I need to do in order to receive my loan?
If your financial aid package includes a federal student loan your school or college will tell you haw to accept the loan.
Thank you I will contact my college.
Yes that is the best thing to do.
I am an undergraduate student, does this allow me to apply for a Direct Subsidized Loan?