Federal Direct Loans

Federal Direct Loans

Federal Direct Loans

Federal student loans are available to eligible students who submit a Free Application for Federal Student Aid (FAFSA) with no credit check, no cosigner, and no collateral; simply your signature and promise to repay. Interest rates are fixed, and are set by Congress. Repayment terms are flexible and generous repayment plans and cancellation options are available. For this reason, we always encourage students to consider federal student loans first. If, after all of your student aid is finalized, you need additional funds, your parents should consider a federal PLUS loan or private loan.