High school seniors are starting to receive their financial aid notifications from colleges, and most of these notifications will include one or more versions of a Federal Direct Loan—be it a Direct Subsidized Loan, Direct Unsubsidized Loan, and/or a Direct PLUS Loan. If you have been awarded a Direct Loan, you may be wondering what is it, exactly, and what are the differences between the various Direct Loan programs? Former Boston University and Tufts University financial aid officer Shannon Vasconcelos answers, “What is a Federal Direct Loan?,” in this installment of the College Coach video series, Ask the College Finance Expert. Shannon explains the Direct Loan program so that you can make an informed decision about what role (if any) it should play in your college payment strategy.
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