Difference Between Federal Loans?

Colleges & Universities A-Z University of California - Davis
1

<p>In my Davis eFAN page, it says:</p>

<p>Federal Direct Loan Sub-NH 3,500
Federal Perkins Loan-NH 1,000</p>

<p>What’s the difference?</p>

2

<p>A Perkins loan is a low interest, fixed-rate loan.
A Federal Direct Loan is I believe a Stafford loan. Yours is subsidized meaning that the federal government pays all interest that accrues while you're in school.</p>

3

<p>thanks so much!!! :] I was pretty confused</p>

<p>so a Federal Direct Loan which is subsidized is better right?</p>

4

<p>Yup, it sure is.</p>