Federal Student Loans
Federal education loans include:
- Federal Direct Subsidized and Unsubsidized Loan
- Federal Parent PLUS Loan
- Federal Graduate/Professional Loan
Federal loans are funded by the U.S. Department of Education. In order to apply for all federal loans, the student must have a FAFSA on file. The FAFSA is the only required application for the Federal Direct Subsidized and Unsubsidized Loans. The Federal Direct Subsidized and Unsubsidized Loans do not require a credit review or a co-signer. The Parent and Graduate/Professional PLUS loans require an additional application and a credit review. Both the Parent and Graduate/Professional PLUS loan applications are found online at https://studentaid.gov/.
All federal loan borrowers will be assigned a loan servicer. This is a third party lender that the federal government has assigned to collect your loan payments. They are responsible for helping the borrower manage their loan repayment.