Sentences with phrase «direct subsidized loan eligibility»

Not exact matches

Whether you want to apply for either of the two Direct Stafford Loans, that is, Direct Subsidized Loans or Unsubsidized Direct Loans, there are basic eligibility requirements you must meet.

Minimum eligibility requires at least five consecutive years of teaching service, and, in most cases, the borrower must have Federal Stafford or Federal Direct loans (subsidized or unsubsidized)-- those with only PLUS loans are not eligible for this program.

But if you've got subsidized federal student loans (Perkins, Direct, or Stafford) then deferment is your best bet if you meet the eligibility requirements: Any interest that accrues on these loans during deferment is paid for by the federal government.

I transferred into the shorter program and lost eligibility for Direct Subsidized Loans because I have received Direct Subsidized Loans for a period that equals or exceeds my new, lower maximum eligibility period, which is based on the length of the new program?

Also, if you receive Direct Subsidized Loans for one program and then change to another program, the Direct Subsidized Loans you received for the earlier program will generally count toward your new maximum eligibility period.

Academic institutions and the federal government will use your FAFSA form to determine your eligibility for loans like the Direct Subsidized Loan, Direct Unsubsidized Loan, Direct PLUS Loan and the Federal Perkins Loan Program — all of which students tend to need in some form or another in order to fully finance their education.