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Applying is easy. Just fill out a Free Application for Federal Student Aid (FAFSA), which you can get from your school. Or, you may be able to apply electronically from your home computer or from a computer at a central location like your school or local public library, using FAFSA Express. you can get more information about downloading FAFSA Express at http://www.ed.gov/offices/OPE/express.html. You might also be able to apply electronically through the financial aid office at the school you plan to attend.
Based on the information you give when you apply, your school will determine your financial aid award, including amounts of Direct Subsidized and Unsubsidized Loans, if you're eligible.
If your answers to certain questions indicate you're a dependent student, one of your parents may apply for a Direct PLUS Loan, using an application available from your school.
As part of the application process, you'll receive a promissory note to complete. The promissory note is the legal document you sign agreeing to pay back the loan. The note also provides important information about your loan. If a parent is applying for a Direct PLUS Loan, he or she will receive a promissory note to complete for that loan.
Note:Before each academic year begins, you must reapply for financial aid.
If you have any general questions about Direct Loans, check with the school you plan to attend or contact the Federal Student Aid Information Center: 1-800-4-FED-AID (1-800-433-3243).
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Interest Rates
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After Loan Approval
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