Federal Direct Loan for Students

Federal Direct Loans are fixed interest rate federal student loans offered by the U.S. Department of Education to help eligible students borrow for college now and repay after college.

Your qualification for Direct Subsidized Loans and/or Direct Unsubsidized Loans is determined by your FAFSA and your loan eligibility for the year (type and amount) is reflected on your financial aid offer.

  • Direct Subsidized Loan: Federal government pays your interest while you are enrolled at least half time, during a six-month post-college grace period, and during deferments.
  • Direct Unsubsidized Loan: Interest accrues during all periods and can either be paid periodically while you are in school or capitalized (added to the principal of your loan to repay later).
Understanding Federal Direct Loans

To learn more about Federal Direct Loans, including the differences between subsidized and unsubsidized loans, how much you can borrow each year, and current interest rates, we encourage you to visit studentaid.gov

StudentAid.GOV - Understanding Federal Direct Loans

Applying for a Federal Direct Loan

Your Federal Direct Loan eligibility is listed on your financial aid offer. You can borrow the entire amount listed, a portion of it, or none at all. You will choose the amount that you plan to borrow when you accept your offer in your myFinancialAid link. You will need your Warrior ID and password to log in to your myWLC account.

First Time Borrowers: Required Action After May 1

1. Log in to studentaid.gov with your FSA ID and password and go to I'm Preparing for School.

2. Do these required steps.

  • Complete Entrance Counseling.
  • Complete MPN (i.e. Loan Agreement). I'm an Undergraduate Student.