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There are four types of Direct Loans:
Federal Direct Stafford/Ford Loans - also
called Direct Subsidized Loans. If you have a subsidized loan, the federal
government does not charge you interest while you're in school at least half
time, during your grace period, and during deferments
(postponements of repayment). You must show financial need to receive this type
of loan.
Federal Direct Unsubsidized Stafford/Ford Loans
- also called Direct Unsubsidized Loans. The federal government charges you
interest on these loans while you're in school, in your grace period, or in
deferment. You can get this type of loan regardless of financial need.
Federal Direct PLUS Loans - for parents without
adverse credit histories who want to borrow for their dependent students.
If you DO meet one of these conditions, you're an independent student, which means you report only your own income and assets (and those of a spouse) when applying for financial aid.
Parents of independent students are not elegible for Direct PLUS Loans.
Federal Direct Consolidation Loans - one or
more federal education loans combined into a Direct Loan. Only one monthly
payment is made to the U.S. Department of Education.
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Money for School Directly to You
![[Table of Contents]](http://www.pueblo.gsa.gov/cic_text/family/loandir/up.gif){kind=small}
Loan Amounts
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