Subsidized Direct Loan

The Federal Direct Subsidized Loan is a need-based loan for undergraduate students with a fixed interest rate.  The federal government pays the interest while the student is enrolled at least half-time, during loan deferment periods and for the first 6 months after a student leaves school (grace period).  See the Direct Loan Interest Rates and Direct Loan Origination Fees tables for rate and fee details.  More information about the federal loan programs are available at studentaid.gov.