Heartland Community university participates within the Federal Direct Loan Program. Under this system, the Heartland school funding workplace determines loan eligibility additionally the loans are formulated because of the U.S. Department of Education.
Federal Direct loans are academic loans that really must be paid back with interest. We encourage one to think about all the other alternatives for financing your education first and make use of an educatonal loan as a “last resort. ” Think carefully before you borrow under this loan system as you will find severe effects not to repaying student education loans.
You can find three kinds of loans available:
- Direct Subsidized
- Direct Unsubsidized
- Parent Loans for Undergraduate pupils (PLUS) for parents