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Federal Direct Stafford Loans are generally known as Direct Loans or Federal Direct Loans.

Federal Direct Stafford Loans are generally known as Direct Loans or Federal Direct Loans.

Application

You need to submit an application for educational funding utilizing the FAFSA. You shall never be immediately offered a Direct Loan. You must request the loan from the financial aid office if you want to borrow from the Direct Loan program. In the event that you request a Direct Loan and later determine there is no need the funds, you might drop the mortgage by calling the school funding workplace.

Subsidized Loans

You are eligible for a subsidized Direct Loan if you are an undergraduate student and have financial need. No interest will be charged as long as you maintain at least half-time enrollment (6 credits) with subsidized loans. Financial need may be the distinction between price of Attendance and your Expected Family Contribution.