Federal direct student loans don’t require credit or income to apply. They are the most widely used college lending option.

Federal direct student loans are the best option for students who need to borrow money to pay for college.

– Undergraduate borrowers can take out two types of direct loans: subsidized and unsubsidized. – Loans offer flexible repayment options, including income-driven repayment. – No credit history, income or co-signer is needed to apply.

Federal direct student loans at a glance

Federal direct student loans Requirements

               --Financial-- Borrowers are not required to have credit history or income for federal direct loans. But it’s still important to borrow only what you can afford to repay.

– Citizenship: U.S. citizens and eligible noncitizens. – DACA borrowers: Not eligible.. – Location: Available in all 50 U.S. states.

– Must be enrolled half-time or more: Must be enrolled half-time or full-time. – Loan can be used for past due tuition: Yes. – Types of schools served: Any school authorized to receive federal aid.

How to apply for a federal direct student loan

If you’re ready to borrow a federal student loan, you can apply by submitting a FAFSA. The form is available to complete online, with your Federal Student Aid ID. You can also submit a paper FAFSA by mail.