- Federal Direct Loans (Subsidized & Unsubsidized): A federal loan that must be repaid under the terms of a promissory note. Only borrow the loan if you absolutely need this funding. You must be enrolled for a minimum of six credits to be eligible for the direct loan. Subsidized loans are interest free until you enter repayment. Unsubsidized loans accrue interest upon disbursement. If you have been awarded this loan click here for more information.
