Federal Student Loans
A student loan is designed to help students pay for tuition, books, supplies, and living expenses. Student loans require repayment.
Federal Direct Loans are low interest loans for students from the U.S. Department of Education that must be repaid. Direct loans are classified as Title IV funds and are under the same regulations as the Pell Grant. Loans are restricted to an annual loan limit, and a student is not allowed to borrow more than their cost of attendance would allow. There are two types of Direct Loans: Subsidized and Unsubsidized.