Federal Direct Loans
Direct Loans, from the William D. Ford Federal Direct Loan Program, are low-interest loans for eligible undergraduate and graduate students to help cover the cost of higher education. These federal loans are borrowed directly from the U.S. Department of Education at participating schools. These loans do not require a credit check. A small origination fee is withheld from the loan when it is disbursed to you.
Types of Direct Loans
Federal student loan borrowers are eligible to have their loans deferred while enrolled at least half-time (6 credit hours for undergraduates, 5 credit hours for graduates). The deferment process for all federal student loan programs is done automatically, based on enrollment following the first 2 weeks of each semester, and thereafter periodically during the semester.
To check on the status of your federal loans, please contact your federal loan servicer.