The William D. Ford Federal Direct Loan Program provides low-interest loans for students and parents to help pay for the cost of a student's education after high school.
Types of Federal Direct student Loan ?
FDLP offers four types of direct loans which are PLUS loans, consolidation loans, subsidized and unsubsidized loans.
who is eligible for Federal Direct Loan Program ?
The Federal Direct Loan Program provides low-interest student loans to eligible American citizens and undergraduate, graduate students (secondary students) and their parents..
How Much Can You Get in federal Student Loans ?
The amount and type of each loan is determined by the SUNY ESF Financial Aid Office based on class level, financial need, and the sum of past borrowings.
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What is the interest rates on federal student loans ?
The FDLP interest rates for july 1, 2022 to july 1, 2023 is direct undergraduate student loans are 4.99%. Unsubsidized direct graduate student loan rates are 6.54%. Rates for PLUS loans, which are for graduate students and parents, are 7.54%.
How to Apply for Federal Direct Loan Program ?
For federal student loans, you must apply for Federal Student Aid (FAFSA). FAFSA submission is completely free.