1) The Subsidized Loan is available to students who have financial aid eligibility. The interest is 6.0% which is paid by the federal government while you are in school.

2) The Unsubsidized Loan is available to students who have limited or no financial aid eligibility or who need to borrow an additional amount of loan. The 6.8% interest on an unsubsidized loan must be paid by you while you are in school, and during any grace or in-school deferment periods. You also may choose to have the interest deferred, which adds the deferred interest to the principle. This is called capitalized. Having the interest capitalized will mean larger monthly payments when you begin repayment.

Enrollment Requirements: You must be enrolled in at Least half-time units to receive a FDSL. Undergraduate , second baccalaureate and credential students must enroll in at least 6 units; graduate must enroll in at least 4 units.