Direct Loan An expense that is billed to your student account and paid directly to the school. Direct costs include tuition, fees, and on-campus housing/meal plan (if you live on campus). Direct loans qualify to enroll into income-driven plans and do NOT require consolidation. 
Direct Subsidized Loan What are Subsidized Loans?

Your interest does not accrue while you are
- in school at least half-time
- in a grace period (the first six months after graduation)
- during a period of deferment.
Direct Unsubsidized Loan What are Unsubsidized Loans?

Your interest accrues while you are in school. You are responsible to the interest during the repayment interest. We suggest you pay off unsubsidized loans first.
Direct Consolidation Loan What is Consolidation Loans?

You are allowed to combine one or more federal student loans into one new loan. As a result of consolidation, you will have to make only one payment each month on your federal loans, and the amount of time you have to repay your loan may be extended. You may also be able to access additional repayment plans and forgiveness programs.
Direct PLUS Loan for Graduate/Professional Students A loan to graduate or professional students. The borrower is fully responsible for paying the interest regardless of the loan status.
Direct PLUS Loan for Parents A loan to parents of dependent undergraduate students. Your parent could be eligible to borrow the amount of the remaining costs (i.e., the cost of attendance minus other aid).
Federal Family Education Loan (FFEL) Program Under this program, private lenders made education loans that were guaranteed by the federal government. No new loans under the FFEL Program have been made since June 30, 2010.
FFEL Subsidized Loan What are Subsidized Loans?

Your interest does not accrue while you are
- in school at least half-time
- in a grace period (the first six months after graduation)
- during a period of deferment.
FFEL Unsubsidized Loan What is Unsubsidized Loans?

Your interest accrues while you are in school. You are responsible to the interest during the repayment interest. We suggest you to pay off unsubsidized loans first.
FFEL PLUS Loan for Graduate/Professional Students A loan to graduate or professional students. The borrower is fully responsible for paying the interest regardless of the loan status.
FFEL PLUS Loan for Parents A loan to parents of dependent undergraduate students.Your parent could be eligible to borrow the amount of the remaining costs (i.e., the cost of attendance minus other aid).
Federal Perkins Loan A federal student loan, made by the recipient's school. This program expired on Sept. 30, 2017, and loans are no longer being awarded