How does the Federal Direct Stafford Loan Program work?
The Federal Direct Loan Program consists of Federal Direct Subsidized Stafford Loans, Federal Direct Unsubsidized Stafford Loans, and Federal Direct PLUS Loans. With the Federal Direct Loan Program, the U. S. Department of Education acts as the lender and delivers loan proceeds to students directly through the schools. To apply, follow the application instructions in the current year’s Gator Aid Application Guide. Or, go to “How to Apply” on our web site.
The Federal Direct Loan Program consists of Federal Direct Subsidized Stafford Loans, Federal Direct Unsubsidized Stafford Loans, and Federal Direct PLUS Loans. With the Federal Direct Loan Program, the U. S. Department of Education acts as the lender and delivers loan proceeds to students directly through the schools. To apply, follow the application instructions in the current year’s Gator Aid Application Guide. Or, go to “How to Apply” on our web site. If you are awarded a Federal Direct Stafford Loan at UF, please be aware that before you can receive your funds you must complete three requirements: • complete an electronic Master Promissory Note at studentloans.gov • complete a first-time borrowers Entrance Counseling session at studentloans.gov • you must “accept” the funds awarded to you. Go to ISIS, under “Financial Aid”. Link to the “Awards and Disbursements” screen for the correct academic year.
Related Questions
- If I borrow funds under the Federal Family Educational Loan Program (FFELP), i.e. Stafford loans, when do I have to begin to repay these funds?
- What is the highest amount available in the Federal Direct Stafford loan program each year?
- How much can I borrow through the Federal Direct Stafford Loan program?
