Federal Student Aid Direct Loan Login

Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans. (Some people refer to these loans as ...

William D. Ford Federal Direct Loan (Direct Loan) Program awards are processed through the Common Origination and Disbursement (COD) System. Operational communications and guidance, technical documents, and related information specific to the Direct Loan Program and the processing of Direct Loan awards through the COD System are provided on this page.

Federal student loans offer many benefits compared to other options you may consider when paying for college: The interest rate on federal student loans is fixed and usually lower than that on private loans—and much lower than that on a credit card! You don’t need a credit check or a cosigner to get most federal student loans.

A loan servicer is a company that we assign to handle the billing and other services on your federal student loan on our behalf, at no cost to you. Your loan servicer will work with you on repayment options (such as income-driven repayment plans and loan consolidation) and will assist you with other tasks related to your federal student loans.

Direct PLUS Loans are federal loans that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school. PLUS loans can help pay for education expenses not covered by other financial aid.

The MPN is a legal document in which you promise to repay your federal student loan(s) and any accrued interest and fees. It also explains the terms and conditions of your loan(s).There are two types of MPNs: one for Direct Subsidized/Unsubsidized Loans and one for Direct PLUS Loans. Some schools refer to Direct Subsidized/Unsubsidized Loans as Stafford loans.

Available for Direct Loans, FFEL Program loans, and Perkins Loans. Federal student loans will be discharged due to the death of the borrower or of the student on whose behalf a PLUS loan was taken out. Learn more about discharge due to death and what documentation is needed for discharge. Discharge in Bankruptcy (in rare cases)

You must take entrance counseling in order to receive a federal student loan. The goal of entrance counseling is to help you understand what it means to take out federal student loan(s) and to ensure you understand your rights and responsibilities as a federal student loan borrower.

The federal government has announced that it will be waiving interest specifically for federally-held student loans during this time. ... Direct Debit is the most convenient way to make your student loan payments—on time, every month. ... Now that you're paying back your student loans, use this resource center to find information on the ...