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There are two primary sources of student loans: federal and private. Federal loans, such as direct subsidized and unsubsidized loans, are provided by the U.S. Department of Education. These loans ...
Federal student loans are distributed by the federal government and assigned to a lender through the Department of Education. When you complete your FAFSA, you’re also applying for need-based ...
Before you apply for a federal student loan, you have to create a Federal Student Aid (FSA) account to complete the FAFSA online. Gather your documents. You can get a sneak peek of the FAFSA on ...
The following types of federal financial aid are available to graduate and professional students. Aid for these students is primarily loans. The William D. Ford Federal Direct Loan (Direct Loan) Program: Eligible students may borrow up to $20,500 per school year.
Direct Unsubsidized: Unlike Subsidized loans, these federal loans do not require students to demonstrate financial need and they are responsible for paying interest on the loan during all periods. If the student chooses not to pay the interest while in school, the interest will accumulate and be added to the principal.
Another 2.5 million individuals who took out federal loans for their undergraduate degrees and began repaying them over 20 years ago and graduate student borrowers who began repaying their debts ...
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