Granite State College: University System of New Hampshire
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Federal Student Loans

William D. Ford Federal Direct Loan Program

Federal Direct Loans are low-interest loans for students to help pay for the cost of their education. The lender is the U.S. Department of Education and offers the following types of loans:

Subsidized Loans
Available to undergraduate and post-baccalaureate students

For students with demonstrated financial need. No interest is charged while a student is in school at least half-time, during the grace period, and during deferment periods.

Unsubsidized Loans
Available to undergraduate, post-baccalaureate, and graduate students

Loans that are not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods.

Terms and Conditions
Repayment for your Federal Direct Loans begins six months after you graduate, withdraw, stop attending, or your enrollment status is less than half-time. The standard repayment term is ten years and the interest rate may vary depending on the type of Direct Loan and the disbursement date.

See deferment for additional terms and conditions.


To apply for Direct Loans, students should complete the Free Application for Federal Student Aid (FAFSA) in order to assess the student's financial need for student aid. Be sure to review the Federal Direct Loan Disclosure and Borrower’s Rights and Responsibilities before signing your Master Promissory Note.