This guide describes the four types of loans offered by the Direct Loan Program[SM]: (1) Direct Subsidized Loans; (2) Direct Unsubsidized Loans; (3) Direct PLUS Loans; and (4) Direct Consolidation Loans. Among the topics covered in the guide are: Use of Your Loan Money, The Master Promissory Note, How Your Loans Will Be Disbursed (Paid Out), Direct PLUS Loan Interest Rate and Payment of Interest, Half-time Enrollment, Changes You Must Report, Trouble Making Payments, Conditions for Canceling All or Part of Your Loan, and National Student Loan Data System (NSLDS). A Borrower's Rights and Responsibilities form is also included.