What are Direct Subsidized Loans and Direct Unsubsidized Loans?
Direct Subsidized Loans and Direct Unsubsidized Loans are made to students attending school at least half-time. The U.S. Department of Education is the lender. It delivers the loan money to you through your school. A student qualifies for a Direct Subsidized Loan based on financial need, as determined under federal regulations. A student s need is not a factor in determining eligibility for a Direct Unsubsidized Loan. Students may qualify for a Direct Unsubsidized Loan regardless of their or their families incomes. It is possible for a student to have a Direct Subsidized Loan and a Direct Unsubsidized Loan for the same award year. All of your Direct Loans will be in one account, making repayment easier. You (or your parents) will have only one account, one monthly payment, and one point of contact for all of your loans. How much can I borrow? For Direct Subsidized Loans and Direct Unsubsidized Loans, you are subject to annual and aggregate (combined total) loan limits on the basis of t
