Federal Student Loans Overview

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What are the three most common types of federal student loans mentioned?

• Subsidized Direct, Unsubsidized Direct, and Direct Plus Loans

• Stafford, Perkins, and PLUS Loans

• Federal, State, and Private Loans

• Undergraduate, Graduate, and Parent Loans

What is a common characteristic of all three types of federal student loans mentioned?

• They have variable interest rates.

• They are only available to graduate students.

• They are fixed interest loans.

• They do not accrue interest while the student is in school.

For which type of federal student loan does the federal government pay the interest while the student is in school at least half-time?

• Unsubsidized Direct Loans

• Direct Plus Loans

• Subsidized Direct Loans

• Private Loans

Who is eligible for Direct Plus Loans?

• Only undergraduate students.

• Only students with exceptional financial need.

• Graduate and professional students, as well as parents of dependent undergraduates.

• Only students attending community colleges.