Federal Direct Loans City College of San Francisco Form

Instructions and help about Federal Direct Loans City College Of San Francisco

if you apply for financial aid at all you're almost certain to see a Federal Direct Loan as part of your financial aid package so what is a Federal Direct Loan well first of all it's a loan it's not free money you do have to pay it back and you're borrowing this loan directly from the federal government that's where the direct comes from you don't have to go through a bank you're borrowing the money from the US Department of Education the director is generally considered the most favorable loan in the college loan market the loans in the student's name there's no cosigner or credit check required it's really very automatic it's got a decent fixed interest rate and you're not required to make payments while you're enrolled in school if you want to apply for a Direct Loan all you need to do is complete the FAFSA and the college's financial aid office will determine your direct loan eligibility now to make things a little bit confusing there are two versions of the Direct Loan the subsidi