Overview
Federal student loans allow students and their parents to borrow money to pay for college. A federal student loan is made through a loan program administered by the federal government.
Types of Federal Loans
Federal Ford Direct Subsidized Loan
Undergraduate loans with no interest during school for students with financial need. Borrow $3,500-$5,500 annually at a fixed rate.
Federal Ford Direct Unsubsidized Loan
Federal loans for undergraduate and graduate students regardless of financial need. Interest accrues during school at a fixed rate.
Federal Direct Parent PLUS Loan
Loans for parents of undergraduate and graduate students to help pay education costs. Fixed rate with basic credit check required.
Graduate PLUS Loan
Federal loans for graduate students to cover remaining education costs after other aid. Fixed rate with credit check required.