About the Scholarship
The subsidized loan is federal student loans available for eligible students which helps to cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans.
How to Apply for this scholarship?
In order to apply for this loan, applicants need to demonstrate financial assistance by filling up the FAFSA application form, which implies a student's family financial position for academic education.
Applicant's school will use the information from his/her FAFSA form to determine how much student aid they are eligible to receive.
If an applicant is applying for the first time, then he/she is required to complete the entrance counseling.
And he/she must sign a loan contract called a Master Promissory Note, agreeing to the terms of the loan.
Award Amount and Deadline:
The Direct Subsidized loan amount varies according to the amount of funding available.
For deadline information, an applicant must visit the official website and contact them to get to know about the award's deadline date.
The applicant must be enrolled at least half-time at a school that participates in the Direct Loan Program.
The applicant must also be enrolled in a program that leads to a degree or certificate awarded by the school.
The applicant must be an undergraduate student who has financial need.