You have to submit an application for school funding utilizing the FAFSA. You shall never be immediately offered a Direct Loan. You must request the loan from the financial aid office if you want to borrow from the Direct Loan program. You do not need the funds, you may decline the loan by contacting the financial aid office if you request a Direct Loan and later decide.
If you’re an undergraduate pupil and also have financial need you might be qualified to receive a subsidized Direct Loan. No interest will be charged as long as you maintain at least half-time enrollment (6 credits) with subsidized loans. Economic need may be the distinction between price of Attendance and your Expected Family Contribution. Continue reading “Federal Direct Stafford Loans are generally known as Direct Loans or Federal Direct Loans.”