The Federal Direct Subsidized Loan is a need-based federal student loan designed to assist undergraduate students in covering educational expenses. For flight training, eligibility for this loan depends on whether the flight school is accredited and participates in federal student aid programs.
Key Features:
Interest Subsidy: The U.S. Department of Education pays the interest on the loan while you're enrolled at least half-time, during the six-month grace period after leaving school, and during deferment periods.
Loan Limits: Annual borrowing limits range from $3,500 to $5,500, depending on your year in school, with a total limit of $23,000 for undergraduate studies.
Eligibility Criteria:
- Demonstrated financial need.
- Enrollment at least half-time in an accredited program that participates in federal student aid.
- U.S. citizenship or eligible non-citizen status
Application Process:
FAFSA Submission: Complete the Free Application for Federal Student Aid (FAFSA) to determine your financial need and eligibility.
School Participation:
Confirm that your chosen flight school is accredited and participates in federal student aid programs. Many independent flight schools are classified as trade schools and may not be eligible for federal financial aid.
Financial Aid Offer:
If eligible, your school will include the Direct Subsidized Loan in your financial aid package.
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