What type of loans does the U.S. Department of Education offer students?
The U.S. Department of Education offers low-interest loans to eligible students. Students may be eligible to receive subsidized and unsubsidized loans based on their financial need.
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Are interest rates on loans fixed for the life of the loan?
Some are. You can find out how interest is calculated on the website.
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What are the requirements to be eligible for a Direct Subsidized Loan?
You must be enrolled at least half-time at a school that participates in the Direct Loan Program. You must also be enrolled in a program that leads to a degree or certificate awarded by the school. Direct Subsidized Loans are available only to undergraduate students who need financial aid.
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Is there something else that I need to do in order to receive my loan?
If your financial aid package includes a federal student loan your school or college will tell you haw to accept the loan.
Thank you I will contact my college.
Yes that is the best thing to do.
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I am an undergraduate student, does this allow me to apply for a Direct Subsidized Loan?
Yes as an undergraduate you can apply for either a Direct Subsidized Loan or a Direct Unsubsidized Loan.
