Federal Direct Subsidized and Unsubsidized Loans
The Federal Direct Subsidized and Unsubsidized Loan program provides low-interest loans directly from the U.S. Department of Education to undergraduate and graduate students to assist with college costs.
Deadline
Rolling
Opens
October 1, 2023
Est. Time
30-60 minutes
Source
Benefits.gov
Eligibility Requirements
Applicants must be enrolled at least half-time at an accredited postsecondary institution, demonstrate financial need (for Subsidized loans), and meet general federal student aid requirements such as maintaining satisfactory academic progress.
Who Can Apply
Undergraduate and graduate students attending participating higher education institutions.
Application Instructions
Submit the Free Application for Federal Student Aid (FAFSA) online at studentaid.gov. Your school will then determine your eligibility and loan amount.
Required Documents
- FAFSA Submission
- Social Security Number
- Federal Tax Returns
- W-2 forms
Geographic Restrictions
United States
How to Stand Out
Apply as early as possible after the FAFSA opens each year, as some state and institutional aid is distributed on a first-come, first-served basis.
Risk Warnings
Be aware that federal student loans must be repaid with interest. Always use the official studentaid.gov website; beware of websites claiming to charge fees to apply for FAFSA.