The Federal Direct Stafford Loan is the basic component of a student's financial aid award. Interest rates are fixed and there are plenty of repayment plans available. Loans can be both need-based and non-need-based, and award amounts vary with a student's academic level and program.
PLUS loans are available to graduate and professional students as well as parents of dependent undergraduate students. These loans are credit-based and have a fixed interest rate.
Click the "More" link for detailed information on these loans.