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Direct Subsidized Loans are given to undergraduate students who demonstrate financial need. You wont pay or collect interest while you are in school and during the grace period after you leave school. The Department of Education pays the loans interest on your behalf during that time.
The type of aid you receive after filling out the FAFSA determines if you need to pay it back. Grants, scholarships, and work-study money dont need to be repaid but have finite funding limits. You will need to repay subsidized, unsubsidized, and Direct Plus Loans.
If youre wondering how to tell if your student loans are federal, you can log into the Federal Student Aid website using your FSA ID to see a list of all federal student loans in your name. On your account dashboard, you can find My Loan Servicers or check the National Student Loan Program System.
The Common Origination and Disbursement (COD) system is designed to support origination, disbursement, and reporting for Direct Loan, Federal Pell Grant, and the Teacher Education Assistance for College and Higher Education (TEACH) Grant programs.
Most deferments are not automaticyou need to submit a request to your loan servicer, often on a form. Also, for most deferments, you must provide your student loan servicer with documentation to show that you meet the eligibility requirements.
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Direct Loans are available for you to borrow to offset your tuition and assist you with any educational related expenses. The loans are made through the William D. Ford Federal Direct Loan Program and are administered by the U.S. Department of Education.
The Federal Direct Student Loan program offers a number of advantages, including low interest rates and fixed interest rates, but there are downsides as well. For example, you can only borrow a certain amount each year. Consider all of your financing options before deciding which type of student loan is best for you.
Get your loan history by logging in to My Federal Student Aidyoull need to create an FSA ID if you dont already have one. As you review your information, note the following: The current loan balance and interest rate for each loan.

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