 TITLE: What Is a Subsidized Loan? CONTENT: How to Apply for a Subsidized Student Loan\n------------------------------------------\nTo qualify for a subsidized student loan, the government requires you meet the following guidelines:\n*   Be a U.S. citizen, national or permanent resident\n*   Be enrolled in school at least half time\n*   Never have defaulted or owe a refund to any previous student loan or aid\n*   Stay in good academic standing\n*   Have financial need\nTo apply for a subsidized student loan, you'll first need to fill out the FAFSA. Once the federal government and your school review your application, you will receive an award letter from your school's financial aid office outlining the amount of aid you qualify for and whether you're eligible for a subsidized loan.\nIf you decide to accept the loan, you will sign a promissory note in which you agree to the loan's terms. First-time borrowers will also have to complete online student loan counseling that explains their financial obligations.\nYour college will apply the loan funds to your school account to cover education-related costs such as tuition, fees, and room and board. If any money is left over after that, it will be returned to you, with the stipulation that you must use it for education expenses. END