Subsidized and Unsubsidized Federal DIRECT Student Loan Program

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.

More Information on Subsidized/Unsubsidized Loans

Federal Plus Loan Program

PLUS loans are federal loans that graduate or professional degree students and parents of dependent undergraduate students can use to help pay education expenses.

Here's a quick overview of Direct PLUS Loans:

  • The U.S. Department of Education is the lender
  • The borrower must not have an adverse credit history
  • The maximum loan amount is the student's cost of attendance (determined by the school) minus any other financial aid received

More Information on PLUS Loans

Federal Perkins Loans

Loans made through the Federal Perkins Loan Program, often called Perkins Loans, are low-interest federal student loans for undergraduate and graduate students with exceptional financial need.

Here's a quick overview of Federal Perkins Loans:

  • Available to undergraduate, graduate and professional students
  • Interest rate for this loan is five percent
  • Spring Hill College is the lender
  • Funds depend on your financial need and the availability of funds

More Information on Perkins Loans

Responsible Borrowing

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