If you are unsure of what type of federal loans you have
borrowed, please check the National Student Loan Database System (NSLDS) at
www.nslds.ed.gov. You will need your
of Education/FAFSA PIN to access this information. If you need a PIN or
forget your PIN, visit
What is a Direct Loan?
- The William D. Ford Federal Direct Loan Program,
also referred to the Direct Loan Program, is a
federal program that provides loans to student
and parent borrowers directly through the U.S.
Department of Education. Bridgewater State
University offers Direct Subsidized and/or
Unsubsidized Direct Loans. See below for a
definition of Subsidized and Unsubsidized Loans.
What is a FFEL Loan? (program
ended in 2010)
- The Federal Family Education Loan Program, also referred to as a FFEL or
Stafford Loan, is a federal program similar to the Direct Loan Program that
provides loans to student and parent borrowers by utilizing banks and/or lenders as
agencies that service the loans. A FFEL Loan can be Subsidized and/or
Unsubsidized. Please see below for definitions of Subsidized loans and
Unsubsidized Loans. Bridgewater State University does not offer FFEL Loans, but
if you have attended another institution, you may have received a FFEL/Stafford Loan.
- Federal Subsidized Loan
A federally financed and
subsidized student loan made on the basis of the student's financial
need and other specific eligibility requirements. There is no interest
charged on these loans while borrowers are enrolled at
least half-time, during a six-month grace period, or during authorized
periods of deferment.
- Federal Unsubsidized Stafford/Ford Loan
A federally financed student loan
made to students meeting specific eligibility requirements. Interest is
charged throughout the life of the loan. The borrower may choose to pay
the interest charged on the loan or allow the interest to be capitalized
(added to the loan principal).
What is a Perkins Loan?
- The Federal Perkins loan is a long-term, low interest (5% fixed) federal
loan awarded by the Financial Aid Office of the school you attended. The
institution serves as the lender and your payments are made out to the
school when you are in repayment.
- Bridgewater State University uses the student loan management system
University Accounting Services (UAS) to assist in the administration and
billing of the Perkins Loan. For FAQ's and more
information about UAS, visit them at
Last Modified: April 11, 2013