Federal Student Education Loans

Federal Student Education Loans

Heartland Community university participates into the Federal Direct Loan Program. The Heartland Financial Aid Office determines loan eligibility and the loans are made by the U.S. Department of Education under this program.

Federal Direct loans are academic loans that must definitely be paid back with interest. We encourage you to definitely think about all the other choices for funding your education first and make use of a education loan as a “last resort. ” Be cautious before you borrow under this loan system as you will find severe effects not to student that is repaying.

There are three kinds of loans available:

  • Direct Subsidized
  • Direct Unsubsidized
  • Parent Loans for Undergraduate Students (PLUS) for moms and dads

Direct Student Education Loans

An immediate loan that is subsidized a need-based loan, and that means you must show monetary need based on information submitted regarding the FAFSA.

Interest starts accruing from the loan at that time the mortgage funds are disbursed, nevertheless the authorities will pay (subsidizes) the attention when you are signed up for college on at the very least a basis that is half-time. You may not make any re re re payments in the loan while you’re in college.


A Direct Unsubsidized loan is not according to monetary need. So long as you meet other basic eligibility demands, you are able to borrow through the loan system. money key

Interest starts accruing from the loan whenever funds are disbursed. You might be in charge of having to pay the attention while you are in college.

We recommend you spend interest on an unsubsidized loan while at school, however you need certainly to solution to capitalize your interest. Using this option, you spend no interest whilst in college. Read more