Federal Student Loans | U.S. Department of Education


Federal Student Loans are a common source of self-help assistance for college students who are unable to cover their costs on their own.

Loans help students pay for necessary educational expenditures, allowing them to concentrate on their studies and minimise or eliminate the need to work during the academic year.

Types of federal loans

Federal Direct Unsubsidized Loan:

    • Students who are citizens or permanent residents of the United States are eligible for the
    • Direct Unsubsidized Loan, regardless of their income or assets. It offers a six-month grace period and a set interest rate.
    • This loan allows for a maximum annual borrowing amount of $20,500*.
    • While the kid is in school and throughout the grace period, interest will accumulate.
    • Each disbursement will be subject to an origination fee.
    • The total amount of Unsubsidized Loans a student can obtain in their lifetime is $138,500, which covers both undergraduate and graduate Unsubsidized Loan borrowing.
    • Learn about taking financial assistance, federal loan disbursements, returns, and refunds on the Accept Financial Aid website.

Federal Direct Graduate PLUS Loan:

    • The Graduate PLUS Loan is available to students who are citizens or permanent residents of the United States, regardless of their income or assets.
    • The Graduate PLUS Loan can be used up to the amount specified by each institution’s Cost of Attendance (COA) budget.
    • Credit approval, on the other hand, determines eligibility. Students who have been refused a Graduate PLUS Loan may find an endorser for the loan.
    • Call Applicant Services at 1-800-557-7394 to dispute a refusal. Each disbursement will be subject to an origination fee.
    • We urge students to visit the National Student Loan Data System to see their lender information and borrowing history (NSLDS).
    • Learn about taking financial assistance, federal loan disbursements, returns, and refunds on the Accept Financial Aid website.

Nurse Faculty Loan Program (NFLP)

To qualified students who are dedicated to entering the field as nurse educators after graduation, the Nurse Faculty Debt Program provides additional loan assistance, forgiveness, and cancellation. Mrs. Mathews, an essay writing service specialist, states that using Assignment Help and essay help services may assist students in achieving their objectives.

    • NFLP aims to prepare and train skilled nurse educators in order to replace faculty shortages and boost the number of qualified nurses in the profession.
    • To pay educational expenditures, NFLP grants loan support to chosen students for a maximum of 5 academic years, up to $35,500 each academic year.
    • Loan forgiveness and cancellation of up to 85 percent of NFLP loan amounts are available to NFLP recipients who complete their service commitments after graduation.
    • Students interested in the NFLP must exhibit a strong commitment to working as a nurse educator after graduation.
    • Students must be U.S. citizens or lawful permanent residents who are enrolled in school at least half-time to be eligible.
    • For students interested in obtaining NFLP support, a full FAFSA must be submitted each year.
    • Throughout their matriculation at the school, students who are selected for NFLP loan assistance must fulfil borrower duties (including a master promissory note and counselling requirement) as well as academic coursework expectations.
    • In addition, in each term for which NFLP money is given, students must maintain enrolment eligibility and satisfactory academic progress.
    • Students who get the NFLP must complete their service commitment as a nursing faculty member after graduation.
    • Revocation of NFLP loan aid and debt forgiveness eligibility will occur if both borrower accountability criteria and student duties are not met.

Federal Loans are not available for International Students

Because overseas students are unable to complete the FAFSA and so are ineligible for government financial assistance (including Federal Loans, Federal Work Study, and the Federal TEACH Grant), those who desire to borrow money must do so via a private lender of their choice. International students will require a co-signer who is either a U.S. citizen or a permanent resident of the United States in order to apply for private student loans via a U.S. financial institution.


Applicants must fulfil various requirements to be eligible for federal help (Federal Work-Study, the Federal TEACH Grant, and/or federal loans). If you fail to satisfy any of these conditions, you may lose your federal assistance eligibility.

All students wishing to receive federal aid must meet and maintain the following criteria:

    • For each assistance year that federal aid is required, complete a Free Application for Federal Student Aid (FAFSA) and include the Teachers College Federal School Code (G03979).
    • Do not choose Columbia University in New Yorr each assistance year that federal aid is required, complete a Frek City as your school. If at all feasible, we recommend that you use the IRS Data Retrieval Tool.
    • It’s important to keep in mind that new FAFSA records, as well as revisions to current FAFSAs, often take one to two weeks to arrive at our office.
    • Enrol at least half-time (or the equivalent) for each term for which federal financial assistance is required.
    • Be enrolled in a programme leading to a degree; non-degree students are not eligible for federal financial help.
    • Achieve Satisfactory Academic Results (SAP)
    • Maintain a clean record with any previous drug convictions.

Federal Loan Origination Fee Calculator

Knowing how much you need and being careful not to over borrow is a crucial aspect of paying for your education with loans. Teachers College will usually advise you on the maximum amount of federal loans you are qualified for.

    • The Federal Loan Calculator will help you figure out how much money you’ll get from your student loan or how much you’ll have to accept.
    • When asking your amount, you should consider the origination charge rates.

What is Education Loan Consolidation?

Most borrowers of federal college loans are eligible for consolidation loans, which can be obtained from one of two sources:

    • The US Department of Education offers Direct Consolidation Loans. A Federal Consolidation Loan is a loan that you repay to the United States Department of Education.
    • The Federal Family Education Loan (FFEL) Program offers federal consolidation loans. Under the FFEL Program, no new loans are being issued.
    • The Direct Loan Program is used to make all new loans and, as a result, to consolidate existing debts.

Who is qualified for Consolidation of Student Loans?

After you graduate, quit school, or drop below half-time enrolment, you are usually entitled to consolidate.

Most Federal student loans are eligible for consolidation, including:

    • Direct Subsidized Loans
    • Direct Unsubsidized Loans
    • Subsidized Federal Stafford Loans
    • Unsubsidized Federal Stafford Loans
    • Direct PLUS Loans

PLUS loans from the Federal Family Education Loan (FFEL) Program

    • Supplemental Loans for Students (SLS)
    • Federal Perkins Loans
    • Federal Nursing Loans
    • Health Education Assistance Loans
    • Some existing consolidation loans
    • Private educational loans are not eligible.

A PLUS loan granted to the parent of a dependent student cannot be consolidated and transferred to the student. As a result, when a student applies for loan consolidation, the PLUS loan that the parent took out for the dependent student’s education cannot be included. Students may also benefit from Essay Writing Help in completing their assignments on time.

What are the loan terms for Education Loan Consolidation?

Maximum Loan Amount: Nil

Interest Rate: The weighted average interest rate on the combined loans will be rounded to the closest eighth of 1%, but will not exceed 8.25 %. The interest rate is currently set for the duration of the loan. Visit the Loan Consolidation home page for additional information on the individual loan conditions.

Maximum Loan Length: 10-30 years

Frequency of Payments: Varies

Prepayment penalties: None

Fees: None

Additional Information

Max Loan Length

10-30 years

Interest Rate

Varies, does not exceed 8.25%

Max Loan Amount


Payment Frequency


Prepayment Penalties


Max Loan Length


How do I apply for Education Loan Consolidation?

StudentAid.gov is where you apply for a Direct Consolidation Loan.

You can electronically complete the Federal Direct Consolidation Loan Application and Promissory Note after signing in to Studentaid.gov using your personal identifiers and Federal Student Aid PIN. The five phases of the electronic application on StudentLoans.gov are as follows:

1. Select Loans and Servicer.

2. Picking a repayment plan.

3. Terms and Conditions are a set of rules that must be followed.

4. Information about the borrower and the references.

5. Go through everything and sign it.

6. Apply for Loan Consolidation

How can I contact someone?

    • Visit the Federal Student Aid Loan Consolidation website for additional information. Visit the StudentLoans.gov Contact Us page for more information.
    • Disputes over student loans should be resolved as soon as possible.
    • If you and your loan servicer disagree on the balance or status of your loan, use the following procedures to settle your disagreement:

How to take service of loan servicer?

You might be able to resolve a disagreement by simply contacting your loan servicer and talking about it. Learn how to work through a problem with your loan servicer to reach a resolution.

Request help from the FSA Ombudsman Group

    • If you’ve followed the advice and still can’t fix your problem, contact the Federal Student Aid (FSA) Ombudsman Group as a last resort.
    • The FSA Ombudsman assists student loan borrowers in resolving loan disputes and concerns informally.
    • Use the FSA’s checklist to gather the information you’ll need to address their disagreement (PDF, Adobe Reader required).

What happens if students are unable to pay the loan?

If you cannot make timely payments or miss a student loan payment, your loan may be declared overdue, and you may be charged late fees. For urgent assistance, contact your loan servicer and inquire about your alternatives.

Types of federal student loans:

There are three types of federal student loans:

    • Direct Subsidized Loans
    • Direct Unsubsidized Loans
    • Direct PLUS Loans come in two varieties: Grad PLUS Loans for graduate and professional students and Parent PLUS Loans, which can be granted to a student’s parents.

The Federal Direct Loan Program makes these loans available. Because federal student loans differ from private student loans in terms of advantages, you should always look into them first.

Learn more about the three types of federal student loans:

Direct Subsidized Loans:

    • These are available to students who have shown financial need as defined by federal rules.
    • While an undergraduate student is enrolled at least half-time, during deferral (a period when loan payments are temporarily postponed), or during grace, there is no interest paid (the period, usually six months after you graduate or leave school, before you begin to make principal and interest payments).

Direct Unsubsidized Loans:

    • Student loans from the federal government are not based on financial necessity. The amount you can borrow is determined by your school depending on the cost of attendance and other financial help you receive.
    • Interest will be levied and capitalized when unpaid interest is added to a student loan’s principal amount even when you’re in school, during grace, or deferral periods, interest will be levied and capitalized (when unpaid interest is added to a student loan’s principal amount).
    • This raises the overall cost of your federal loans.

Direct PLUS Loans:

    • For parents of dependent students and graduate/professional students, they are unsubsidized credit-based federal loans.
    • After all other forms of financial assistance have been exhausted, PLUS loans can help pay for education expenditures up to the cost of attendance (the amount of money your school believes you’ll need to attend for one year).
    • Interest will be levied at all times and capitalised. This raises the overall cost of your federal loans.

What are the benefits of a Federal student loan?

You have flexibility:

    • Any student loan, whether government or private, is a legal contract that must be repaid-with interest.
    • In general, federal student loans are more flexible than private student loans. For example, even after a federal student loan has been disbursed, the borrower can modify their repayment arrangements (sent to your school).

You can make payments based on your salary:

Income-driven (or income-based) repayment plans, which cap payments depending on the borrower’s income and family size, are available for some federal student loans.

You don’t need a strong credit history to get federal student loans:

    • Unlike private student loans, most federal student loans do not need a solid credit history on the part of the borrower.
    • This is especially beneficial for recent high school grads who want to go to college but haven’t had enough time to establish their own credit.

You don’t need a co-signer.

Except for Direct PLUS Loans, most federal student loans do not examine the borrower’s credit; thus, there is no need to apply with a co-signer.

How to apply for federal student loans for college?

It is completely free to apply for a federal student loan. All you have to do is fill out the FAFSA® (Free Application for Federal Student Aid). The FAFSA evaluates your eligibility for additional federal student aid, such as grants and work-study, in addition to federal student loans. To obtain federal student assistance, you must complete the FAFSA every year you are enrolled in college.

Financial aid tip:

    • Almost everyone who applies for financial help qualifies for some type of assistance.
    • To find out how much you qualify for, fill out the Free Application for Federal Student Aid (FAFSA®).
    • With a simple procedure and step-by-step instructions, Frank makes it simple—and it’s free.

Complete your FAFSA

    • This link will take you away from salliemae.com and to the website of our trusted partner Frank.
    • Any information you give will be shared with Frank directly and will be protected by the Frank privacy policy.
    • The FAFSA may be completed online, which is the simplest and fastest method. Within 3-5 days, your application will be processed.
    • You can also submit a paper application, but it will take 7-10 days to process.
    • The FAFSA is completely free to fill out. If you’re being asked to pay, you’re in the wrong area.

What happens after you submit the FAFSA?

The government will send you a Student Aid Report (SAR) after you submit the FAFSA, which contains basic information regarding your eligibility for federal student aid.

    • This information will be available to the institutions you listed on your FAFSA, and they will use it to calculate the number of government grants, work-study, and loans you may be eligible for.
    • You’ll receive a financial aid offer from the institutions you’ve been accepted to, including the types of financial help you’re qualified for, such as federal student loans, grants, and work-study.
    • The amount of federal help you receive from each school varies, much like the cost of attendance at each institution.

Federal student loans for graduate students:

    • These federal student aid programs may be available to graduate students.
    • The TEACH (Teacher Education Assistance for College and Higher Education)
    • Grant is funded by the William D. Ford Federal Direct Loan (Direct Loan) Program.

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