There are two additional steps you need to take to secure this type of loan:

There are two additional steps you need to take to secure this type of loan:

Federal Student Loans

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FederalDirect student loans are borrowed directly from the federal government by students by their parents. If you’re interested in borrowing Federal Direct student loans to help pay for your education, the first step is to complete the Free Application for Federal Student Aid (FAFSA) to determine your eligibility. Student loans, grants, and scholarships are available to those who qualify. For more information on Federal Student Aid, download The Guide to FederalStudent Aid at

You can access your Direct Loan account information 24/7 , and work with your loan servicer to choose the repayment plan that works best for you. You can also work with your loan servicer to select a repayment plan. Repayment starts once you graduate, stop attending or drop below half-time enrollment https://badcreditloanshelp.net/payday-loans-al/.

Learn more about Federal Direct Subsidized and Unsubsidized Loans by clicking the following links: Subsidized and Unsubsidized Loans or Interest Rates and Fees

  • Sign a Master Promissory Note (it’s a legal document that says you promise to repay your loans and any interest and fees to the U.S.Department of Education)
  • Complete Loan Entrance Counseling

Federal Direct PLUS Loans are credit-based loans available to the parent(s) of students enrolled at least half-time. PLUS loans aren’t based on financial need. Loan amounts are based on the student’s Cost of Attendance less other financial aid 1 . Repayment starts 60 days after the loan is fully distributed unless the borrower requests in-school deferment.

Learn more about the Federal Direct PLUS Loan by clicking the following links: Direct PLUS Loan Basics for Parents or Interest Rates and Fees

“There are two additional steps you need to take to secure this type of loan:”