The direct federal loans for students are available to help those students in professional, university and post-graduate post-secondary (or their parents) and you can borrow money directly from the federal government. It 'done this way, so that these students or their parents do not need to borrow from banks or other private business, which often have a much higher interest rate mortgage, or simply not to lend money.

There are different variations of a direct federal student loan available, they are determined by the student is eligible for public assistance. Need programs include the Stafford Loan and Direct low-interest loans, while non-need based programs will direct PLUS program, direct loans and unsubsidized.

Federal student loans are directly supervised by the Ministry of Education. To qualify for federal direct student loans have to be a United States citizen or a right of non-citizens (and those alien registration card or registration files of specific denominations). To be eligible for federal direct student loan must be accepted now or are already enrolled in a degree or certificate. The student must be at least half-time student, graduate or professional student to participate post-secondary education with direct federal student loans. Students generally have not allowed a refund in another grant of a title IV, and is not currently the Title IV loan is in default. The student may also have to obtain a certification of eligibility to your school.

For students already registered for the college to remain eligible for direct federal student loans must maintain satisfactory academic progress in their studies. When they do, there are reasons to start the payment plan. If this happens if the student will be notified prior to the loan repayment is simply gone.

Before the reception, the school that the student participates / enrolled certifies that the borrower is eligible to receive funding from the federal direct student loan. Schools may offer students money by issuing a cash or by check, electronic bank transfer, or use the amount directly to the student account at school.

Repayment of Federal Stafford loans begins six months after the student ceases to be enrolled at least half the normal full-time academic year. This may be the graduation or program completion by the student or school. For other loans that are available in the Federal Direct Student Loan Canada, repayment begins within 60 days after the student has not been registered.

Public loans were $ 13.022 billion in 2007 to about $ 14.103 billion in 2008 and about $ 14.867 billion in 2009. It was more than 2.9 loans in 2007 alone.

For more information on direct federal student loans, students may contact the Department of Education or school, they will / are enrolled in. Request for direct aid and subsidized loans are obtained from the school. Direct requests for consolidation loans of the Ministry of Education.