Direct Student Loans - Subsidized Loans and Ynsubdized Loans

Direct Loans are low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education (the Department) and not a bank or other financial institution.

With Direct Loans, you

• Borrow directly from the federal government and have a single contact-the Direct Loan Servicing Center—for everything related to the repayment of your loans, even if you receive Direct Loans at different schools.
• Have online access to your Direct Loan account information 24 hours a day, 7 days a week at Direct Loans on the Web at: www.dl.ed.gov.
• Can choose from several repayment plans that are designed to meet the needs of almost any borrower, and you can switch repayment plans if your needs change.

Check with your school to see if it participates in the Direct Loan Program.

Using the loan for education expenses: You may use the loan money you receive only to pay for your education expenses at the school that is giving you the loan. Education expenses include school charges such as tuition, room and board, fees and indirect expenses such as books, supplies, equipment, dependent child care expenses, transportation and rental or purchase of a personal computer.

Enrollment status & other changes

It's important to keep the Direct Loan Servicing Center informed of any changes in your status, so that your loan information is up-to-date. This is your responsibility.

You must notify the Direct Loan Servicing Center if you:

• Change your local address, permanent address or telephone number;
• Change your name (for example, maiden name to married name);
• Do not enroll at least half-time for the loan period certified by the school;
• Do not enroll at the school that certified your loan;
• Stop attending school or drop below half-time enrollment;
• Transfer from one school to another school; or
• Graduate.

Until you graduate or leave school, you must also keep your school's financial aid office informed of these changes.

How to Apply for a Direct Loan

Direct Student Loans Application & More Info

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