You need to make an application for school funding making use of the FAFSA. You will never be automatically offered a Direct Loan. Should you want to borrow through the Direct Loan system you need to request the mortgage through the school funding workplace. You do not need the funds, you may decline the loan by contacting the financial aid office if you request a Direct Loan and later decide.
If you should be an undergraduate pupil while having financial need you might be entitled to a subsidized Direct Loan. No interest will be charged as long as you maintain at least half-time enrollment (6 credits) with subsidized loans. Monetary need could be the distinction between price of Attendance and your Expected Family Contribution. „Federal Direct Stafford Loans are generally known as Direct Loans or Federal Direct Loans.“ weiterlesen