William D. Ford Federal Direct Loan Program (Subsidized)
A low-interest, need-based loan program that helps students meet the cost of education, the Direct Loan Program allows students to borrow money directly from the federal government. Students who are matriculated in degree-granting programs and are registered for at least 6 credits per semester are eligible. Students must begin repayment within six months after graduation or termination of college attendance, and there is a maximum of 10 to 30 years in which to pay the borrowed funds.