Direct Subsidized Loans are subsidized by the federal government i.e. the federal government covers the interest while the borrower is in school, while
Direct Unsubsidized Loans do not carry the beneit of deferred interest. Both Subsidized and Unsubsidized loans are federal aid, so FAFSA completion (as well as resolution of any resulting red flags) is required. A student must also be enrolled in a minimum of six
POEC compliant credit hours to be considered.
*Please note that Broward College was selected to participate in a U.S. Department of Education initiative designed to reduce excessive student loan borrowing. Effective July 1, 2012 Unsubsidized loans at Broward College will only be available to students who meet one or more of the following criteria.
Admitted to a Health Sciences program which requires clinicals. Students receiving sponsorships are not eligible for Direct Unsubsidized Loans.
Enrolled in the A.S. - Professional Pilot Technology program
Out of state and paying non-resident tuition
Receiving no Federal or State aid (Direct Subsidized Loans included)
Total financial aid award, including Direct Subsidized Loans, is less than $5,500
PLUS Loans entail the parent taking out a loan on the student's behalf i.e. the parent is the borrower. A credit check, among other eligibility factors, is reviewed by the federal government to determine if the parent qualifies. Visit
studentloans.gov for additional information and/or to apply.
For more information regarding federal loans (types, interest rates, fees, repayment options, etc.) view our loan videos or visit www.studentloans.gov.