Federal Direct Student Loan Program
- A Direct Student Loan is money authorized by the Federal Government to help pay for your college costs. These funds must be paid back to your lender upon your withdrawal from school or graduation.
- As of July 1, 2012, all interest on Federal Direct Stafford Loans is unsubsidized.
Students are limited to the amount they can borrow.
$20,500/yr (unsubsidized)
- Repayment of the loan does not occur as long as the student is enrolled half time (6 credit hours) or until six months after last date of attendance. However, it can be paid back at anytime without penalty.
- Repayment of the loan will be completed in a ten year time frame.
