How Do I Apply For Federal Direct Loans or Federal Family Education Loan Program Loans?
Application for both Federal Direct Loans and Federal Family Education Loans starts with the Free Application for Federal Student Aid (FAFSA). Students and their families fill out this form each year. The Department of Education determines the student’s eligibility for all federal student aid, including all need-based grants and loans. This information is shared with the student’s school, which may award additional aid based on the information in the FAFSA. You can complete the FAFSA online at http://www.fafsa.ed.gov. How Do I Decide Whether to Use the Federal Direct Loan Program or the Federal Family Education Loan Program? Most colleges participate in either the Federal Direct Loan Program or the Federal Family Education Loan Program. If a school uses both programs, then the more convenient program may be chosen. Your choice of program does not affect the amount you can borrow, your interest rate, or the availability of subsidized Stafford Loans. What Repayment Options Do I Have With
