The US Department of Education offers students subsidized and unsubsidized loans based on their financial need if they are eligible.
Who pays the interest on a Direct Subsidized Loan?
Actually the U.S Department of Education pays the interest on a Direct Subsidized Loan.
Is it ever possible for me to cancel a loan because I decided I do not need it?
Absolutely, if you do it before your money is disbursed you can cancel all or part of your loan at any time.
How do I apply for a loan?
Would you like to apply for a Direct Loan?
Yes, I want to apply for a Direct Loan.
You must first complete and submit the FAFSA form and your school will use the info to determine how much student aid you are eligible for and the Direct Loan is usually included as part of the financial aid package.
What if I want to cancel my loan because it is less than I need?