Direct Subsidized Loan – loans from the federal government available to students with financial need based on the FAFSA. The U.S. Department of Education pays the interest on a Direct Subsidized Loan.
Direct Unsubsidized Loan – there is no requirement to demonstrate financial need. The borrower is responsible for paying the interest on a Direct Unsubsidized Loan during all periods. If you choose not to pay the interest while you are in school, during grace periods and deferment, or forbearance periods, your interest will accrue (accumulate) and be added to the principal amount of your loan.
Pell Grant – money from the federal government that does not need to be paid back. Grants are need-based and eligibility is determined by the information provided on the FAFSA. *Students with a bachelor’s degree are not eligible for a Pell grant.
Parent PLUS Loan – Parent PLUS loans are federal loans that parents of dependent undergraduate students can use to help pay for their child's education. Eligible parents can borrow up to the cost of attendance once all other sources of financial assistance have been accounted for. Learn more about Parent PLUS loans.