The Office of Financial Assistance
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Federal Student Loan FAQ

FEDERAL STUDENT LOANS FAQ

How do I receive a Federal Direct Loan?

To apply for a Federal Direct Loan, you must complete and submit the Free Application for Federal Student Aid (FAFSA) and complete Entrance Loan Counseling, and a Master Promissory Note.

 

What is the difference between a Federal Direct Subsidized and an Unsubsidized loan?

Federal Direct Subsidized loans are based on financial need. Interest is paid by the government while you are enrolled at least half-time and during the grace period or period of deferment.

Federal Direct Unsubsidized loans are not based on financial need. Interest begins to accrue within 60 days of disbursement.

 

What is the Federal Direct Parent Loan for Undergraduate Student (PLUS) and how do I apply for one?

The Federal Direct Parent Loan for Undergraduate Students (PLUS) is for parents of dependent students only. PLUS is a non-need-based federal loan available through the federal government. Awards are up to the cost of attendance per academic year, minus other aid.

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