Beginning in the 2021-2022 financial aid award year, student borrowers will be required to view how much they currently owe in federal student loans, and to acknowledge that they have seen this amount, before a school can make a first disbursement of the first Direct Loan that a student borrower receives for each new award year. The Department of Education’s Informed Borrowing Confirmation process must be completed once each award year for the first loan a borrower receives for that award year, starting with loans associated with the 2021–22 Award Year.
The Direct Loan Program provides financial aid through borrowing funds from the U.S. Department of Education. Any Student Loans will be submitted to the National Student Loan Data Systems (NSLDS). Repayment begins six months after the borrower leaves college or drops below half-time status. Loans are either subsidized (interest-free) loans or unsubsidized (low-interest) loans.
**Students can access their loan information at NSLDS.**