Federal Direct Loan

KKmama
Thu, 31 May 2012 09:53:36 +0000

Federal loans are not disbursed until the start of the semester, so no, you can’t ask for the money now. The government wants to know that you are actually going to be a student before handing out money.

Since the loan is subsidized, interest does not accrue until after graduation, so yes, if you pay it off before graduation you will not have to pay interest.