Loan Types

Question 1

Who can get Direct Subsidized Loans?

Answer 1

Available to undergraduate students with financial need

Question 2

Who can get Direct Unsubsidized Loans?

Answer 2

Available to undergraduate and graduate students; there is no requirement to demonstrate financial need

Question 3

Who can get Parent Plus Loans?

Answer 3

Must be a biological or adoptive parent, not have an adverse credit history, and meet the general eligibility requirements (which the child must meet as well)

Question 4

Eligibility requirements for Graduate Plus Loans

Answer 4

Be a graduate or professional student enrolled at least half-time at an eligible school in a program leading to a graduate or professional degree or certificate;

not have an adverse credit history (unless meet certain additional requirements); and

meet the general eligibility requirements for federal student aid

Question 5

Eligibility requirements for Health Professions Student Loans (HPSL)

Answer 5

Available to full-time students getting a doctorate in one of the following:
Dentistry
Pharmacy (bachelor’s degree also eligible)
Podiatric medicine
Optometry
Veterinary medicine

Question 6

Eligibility requirements for Loans for Disadvantaged Students (LDS)

Answer 6

Available to full-time students getting a doctorate in one of the following:
Allopathic medicine
Osteopathic medicine
Dentistry
Pharmacy (bachelor’s degree also eligible)
Podiatric medicine
Optometry
Veterinary medicine

Question 7

Which loans are eligible for PSLF by themselves?

Answer 7

Direct Subsidized Loans, Direct Unsubsidized Loans and Graduate Plus Loans

Question 8

Which loans can qualify for PSLF through Consolidation?

Answer 8

FFEL loans, HPSL loans and LDS loans

Question 9

Which payment plan are PPL loans eligible for?

Answer 9

Parent Plus loans that have been consolidated are limited to ICR