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The William D. Ford Federal Direct Loan (Direct Loan) Program provides loans to eligible borrowers to cover postsecondary education costs. The Direct Loan Program offers four loan types: • Direct Subsidized Loans • Direct Unsubsidized Loans • Direct PLUS Loans (for Parents and Graduate/Professional Students)
Fullerton College participates in the Federal Direct Stafford Loan Program (William D. Ford), Federal Direct Subsidized (need based, interest paid by the Federal government), and unsubsidized (non-need
Stafford Loan. The term “Stafford Loan” may refer to a subsidized or unsubsidized Federal Stafford Loan that was made to students attending schools that previously participated in the Federal Family Education Loan (FFEL) Program. No new loans have been made under the FFEL Program since July 1, 2010.
The term “Stafford Loans” may refer to a (1) subsidized or unsubsidized Federal Stafford Loan that was previously made through the Federal Family Education Loan (FFEL) Program (FFEL Stafford Loan) and to a (2) Direct Subsidized Loan or Direct Unsubsidized Loan, which are the Direct Loan Program equivalents that continue to be issued today.
To receive a Stafford Loan, a student borrower must meet the basic eligibility requirements for FSA funds (citizenship, Selective Service registration if applicable, etc.).
A Federal Direct Stafford Loan is a low-interest loan that is obtained through the Department of Education. These loans are insured and guaranteed by the federal government.
Both Direct Subsidized Loans and Direct Unsubsidized Loans. are federal student loans offered by the U.S. Department of Education (ED), require you to be enrolled in school at least half-time to be eligible, and. offer a six-month grace period before you’re required to start repayment.
