Loans
William D. Ford Federal Direct Loan Program
Federal Direct Loans are low-interest loans for students and parents to help pay for the cost of a student’s
education after high school. The lender is the US Department of Education rather than a bank or other financial
institution. Repayment begins six months after completion or withdrawal from school. There are three types of loans
available under this program:
- Direct Subsidized Loans are need-based. A student’s eligibility to borrow is based on financial need as
determined by the federal government which pays interest on the loan while the student is in school.
- Direct Unsubsidized Loans do not require a student to show financial need; however the cost of the student’s
education must exceed any other financial aid offered. The student, not the federal government, is responsible to
pay all the interest that accrues on this loan.
- Direct PLUS Loans are loans a parent takes out in order to pay for their child’s educational expenses. A FAFSA is
not required to get a PLUS loan. Contact the Financial Aid Office if you are interested in applying for a PLUS loan.
How to Apply
- Please log onto
https://studentloans.gov. You will need your FAFSA PIN to sign into the site. If you do not remember
your PIN, please log onto
www.pin.ed.gov, and request a duplicate PIN. There is an option to have your PIN displayed immediately.
- You will need to complete the Entrance Counseling first. This will explain the loan process to you, as well as inform you about
your rights and responsibilities as a borrower.
- You can then sign your Master Promissory Note. If you have trouble with this, please call 1-800-557-7394.
- There is also a paper application which you will need to complete and return to the Financial Aid Office. Click here to download a
Loan Request Form.
Questions?
Please click here for our list of
Frequently Asked Questions. If the answer to your question is not on this list, please call the loan desk in the
Financial Aid Office at (425) 235-2352 x2051.
|
Financial Aid Home
Eligibility
How to Apply
Forms
Recommended Links
Refund & Repayment
Satisfactory Progress
Contact Us
Types of Aid
-Agency Funded
-Grants
-Loans
-Opportunity Grant
-Scholarships
-Veterans Programs
-Work Study
-Worker Retraining
WorkFirst
-For TANF Recipients
Phone: (425) 235-5841
Federal Code: 014001
|