William D. Ford Federal Direct Loan Program (Subsidized)
A low-interest, need-based loan program that helps students meet the cost of education, the Direct Loan Program allows students to borrow money directly from the federal government. Students who are matriculated in degree-granting programs and are registered for at least 6 credits per semester may receive this loan. The U.S. Department of Education pays the interest on this type of loan while you are enrolled at least half-time and during grace and deferment periods. Students must begin repayment six months after graduation or if they drop below half-time enrollment. There is a maximum of 10 to 25 years in which to pay the borrowed funds, depending on your repayment plan.
For information about student loan interest rates and origination fees, see https://studentaid.ed.gov/sa/types/loans/interest-rates.