There are several eligibility requirements that are specific to Direct Subsidized and Unsubsidized Loans:
Note that the student must file the FAFSA even if the student is interested in just the Direct Unsubsidized Loan and/or PLUS Loan, which do not depend on demonstrated financial need. Students and their families often underestimate eligibility for need-based financial aid, so the requirement to file a FAFSA was added to ensure that the student receives all the financial aid for which he or she is eligible.
Unlike the Federal Pell Grant, students who have already received a Bachelor’s degree may still receive Direct Loans, up to the borrower’s remaining annual and cumulative Direct Loan limits.
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