A Direct Loan is a type of federal student loan made through the William D. Ford Federal Direct Loan Program. It is a low-interest loan available to eligible students to help cover the cost of college or career school. There are two types of Direct Loans: Direct Subsidized Loans and Direct Unsubsidized Loans.
To apply for Direct Loans, you need to complete the Free Application for Federal Student Aid (FAFSA®) form every year youre in school. Direct Subsidized Loans are loans made to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college or career school. Direct Unsubsidized Loans are available to undergraduate, graduate, or professional degree students enrolled at least half time at a school that participates in the Direct Loan Program.
In summary, a Direct Loan is a type of federal student loan available to eligible students to help cover the cost of college or career school. To apply for Direct Loans, you need to complete the FAFSA® form every year you're in school. There are two types of Direct Loans: Direct Subsidized Loans and Direct Unsubsidized Loans.
