Subsidized Direct loans are awarded based on financial need, and are quite desirable, as they have a low interest rate, and the federal government pays the interest accrued on the loan while the student is in school.Unsubsidized Direct loans also have relatively low interest rates, but the government does not cover the interest while the student is enrolled.
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Interestingly enough, the plan does not call for tax increases to finance the projects.
A tax credit would be offered to private companies to finance projects, while the companies would also have to take equity investments in the projects.
These dates are included in each semester's Bursar Information Letter.