Do you need a large amount of money immediately but are afraid of high-interest direct loans from private lenders? Then try applying for federal direct loans instead. You can enjoy lower interest rates and more flexible payment terms unmatched by private lenders.

What are federal direct loans?

Federal direct loans refer to a family of federal loan programs offered by the government. Federal direct loans are government-subsidized loans for students and unsubsidized loans for both students and parents. They are generally low-interest, long-term loans that are much easier to pay than regular private loans.

A subsidized federal direct loan is awarded on the basis of financial need. This kind of loan waives interest before repayment or during legitimate