About Student Loans

Types of Federal Student Loans

When you are enrolled at least half-time, you may qualify for either subsidized loans or unsubsidized loans from the Department of Education, or you may receive a financial aid package with both. The main difference is that the government pays the interest on subsidized loans while you're in school at least half-time or while you defer your loans. You are responsible for any interest that accrues on an unsubsidized loan.

Find Out What Type of Federal Loan You Have

Go to Loan Detail, or visit Federal Student Aid  this link will open in a new window to view loan type(s). Need a copy of your Master Promissory Note (MPN)? Log into StudentAid.gov  this link will open in a new window and choose 'My Documents'.

The Life Cycle of Student Loans

The life cycle of a student loan begins when you sign the Master Promissory Note (MPN) and lasts until you make the final payment. Taking out student loans is a major step in your life, and a big financial commitment. Depending on the type of loans you have, you should be aware of what actions you need to take to successfully repay your loan.

Federal Direct Loans have three steps that a borrower usually moves through. Based on where you are in the student loan life cycle (in school, in grace or in repayment), we will communicate with you about what actions you may need to take or information you should be aware of.

Private loans and other types of federal student loans may offer varying terms related to the grace period, interest rates and student loan benefits. Check with your loan servicers to learn more about your specific terms and conditions.

Learn more at Studentaid.gov   this link will open in a new window