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Higher Education Act of 1965

The main federal law that governs how the government supports higher education, including student financial aid programs.

Federal Direct Stafford Loans

Student loans offered by the U.S. Department of Education directly to students. There are two main types: subsidized and unsubsidized.

Subsidized Loan

A type of federal student loan where the government pays the interest while the student is in school (at least half-time), during the grace period after leaving school, and during any periods of deferment. This saves the borrower money compared to unsubsidized loans.

Unsubsidized Loan

A type of federal student loan where the borrower is responsible for all the interest that accrues on the loan, starting from the time the money is disbursed, even while in school or during grace periods.

Graduate and Professional Students

Students pursuing degrees beyond a bachelor's degree, such as master's degrees, doctorates, or professional degrees like law or medical degrees.

Rulemaking Requirements

The standard legal process federal agencies, like the Department of Education, must follow to create or change regulations. This usually involves public notice and an opportunity for public comment.