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Federal Direct Subsidized Loan – Part of the Federal Direct Student Loan Program, Federal Direct Subsidized loans are need-based loans whose interest is paid by the government while the student is enrolled at least half time. Direct Subsidized Loans have fixed interest rates for the life-time of the loan. The interest rates for new loans are ...
This year FAFSA has a shorter, improved and mostly error-free process following a delayed and glitchy rollout last year. FAFSA process to seek college student aid is now open for 2025-26. Here's ...
The FAFSA typically opens in October, but changes to the application delayed its opening date to Dec. 31. That means students and their families have a smaller window to apply before college ...
The Free Application for Federal Student Aid form is required to apply for federal grants, work-study funds and loans. Many states, including Texas, and colleges also use FAFSA information to ...
Each year Federal Student Aid's staff processes approximately 22 million FAFSAs. Additionally, Federal Student Aid is responsible for enforcing the financial aid rules and regulations required by the Higher Education Act of 1965 and the U.S. Department of Education and managing the outstanding federal student loan portfolio.
However, the amount that can be borrowed is determined by the school and may not exceed the financial need, which is based on the EFC using information from FAFSA. It is not required to begin repaying these loans while the student are in school at least part-time. They also have a six-month grace period after leaving the school.
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