What types of loans are available through the Direct Loan Program?
The Federal Direct Loan Program offers exactly the same four loan types that you are currently offered, which includes: Federal Subsidized Loans, Federal Unsubsidized Loans, Federal PLUS Loan (for Parents Loan for Undergraduate Students), and Federal Graduate PLUS for graduate students. (As in the past, private Alternative Loans, which are not Federal Student Loans, should be available through private lenders. Alternative Loans through private lenders are loans based on the credit worthiness of the borrower or co-signer, usually have higher interest rates, and less flexible repayment terms. While Lourdes will continue to certify alternative loans, as always we encourage students to choose the more favorable Federal Student Loans first.
