Student Loans Available Directly from the Federal Government
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For a student that is already enrolled in college to remain eligible for Federal Direct Student Loans they must maintain satisfactory academic progress in their course of study. Should they fail to do so, it is grounds to start the repayment plan. If this were to happen though the student would be notified before the loan simply went into repayment.

Before acceptance, the school that the student is attending/enrolled in will have to certify that the borrower is eligible to receive the funds from the Federal Direct Student Loan. Schools can provide the students the money by issuing a cash or check, transferring the money electronically, or applying the sum directly to the student account at the school.

Repayment on Federal Stafford loans begin around six months after the student stops being enrolled in at least one-half the normal full-time academic course load. This can be either graduation or termination of the program by the student or school. For the other loans that are available under the Federal Direct Student Loans, repayment starts within 60 days after the student is no longer enrolled.

The total loans were $13,022,000,000 in 2007; approximately $14,103,000,000 in 2008; and approximately $14,867,000,000 in 2009. There were over 2.9 loans in 2007 alone.

For more information on Federal Direct Student Loans, the student can contact the Department of Education or the school that they attend/are enrolled in. Applications for the Direct Subsidized and Unsubsidized loans are obtained from the school. Direct consolidation loan applications are obtained from the Department of Education. http://www.direct.ed.gov/


Student Loans Available Directly from the Federal Government
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About The Author The author edits a site featuring Education Grants and another Government Grants site providing info on every grant the federal government offers. Michael Saunders has an MBA from the Stanford Graduate School of Business.

Additional Resources

category - Education Grants

Education Grants for High Achieving Students
Academic Competitiveness Grants assist those undergraduate postsecondary students that have completed a meticulous course of study in high school. Financial grant assistance is provided on need-basis to help these students meet their educational expenses.

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National Science Foundation announces the Cyberlearning: Transforming Education Program
The Cyberlearning: Transforming Education is a program wherein the NSF will provide funding for research proposals that aim to explore opportunities associated with the promotion and assessment of learning techniques through the help of new technologies, taking advantage of the application of those technologies, and the utilization of those technologies in the process of promoting deep and lasting learning of content, practices, skills, attitudes, and dispositions that are essential in becoming an engaged and productive citizen.

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Scalable Nanomanufacturing Grants Program
The National Science Foundation has announced the constitution of the Scalable Nanomanufacturing Grants Program wherein it intends to deepen and encourage research and education in the area of scalable nanomanufacturing, including the long-term societal implications of the largescale implementation of nanomanufacturing innovations.

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What does it mean that Federal Student Aid is a PBO?
A PBO is a Performance Based Organization representing an initiative that was created in order to help the government operate more effectively and efficiently. When people call Federal Student Aid a PBO, this means that they are committed to and hold the same standards of the Performance Based Organization.

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