The Direct Loan Program makes long-term loans available to students at all levels of study, and to parents on behalf of dependent students. The federal government subsidizes interest during defined periods for undergraduate students who show need under the federal need analysis methodology, but only for a limited amount of time based on the length of the student’s program. Various repayment plans are available, as well as deferments, cancellations, and discharges.
Third year through end of undergraduate program (including upper division programs, i.e., programs requiring an associate or baccalaureate for admission)
See also In-school status of student
Determination of Direct Unsubsidized Loan eligibility for Grad PLUS applicants and notification of eligibility
See also Repayment plans
Plans available to Direct Subsidized or Unsubsidized Loan borrowers who enter repayment before 7/1/2006
Plans available to Direct Subsidized, Unsubsidized, or Grad PLUS borrowers who enter repayment on or after 7/1/2006