This guide provides the basic facts about subsidized Federal Direct Stafford/Ford Loans (Direct Subsidized Loans) and Federal Direct Unsubsidized Staff/Ford Loans (Direct Unsubsidized Loans) and explains the borrower's rights and responsibilities. It contains tips to help the borrower develop a budget for managing education expenses and financial resources. It also provides information on managing and repaying the loans. The guide's sections are: (1) "Facts about Your Direct Loans"; (2) "Deferment"; (3) "Forbearance"; (4) "Budgeting Your Money"; (5) "Review of Critical Information"; (6) "Important Things You Should Find Out"; and (7) "Common Loan Terms." The guide also contains information on contacting Direct Loan staff and a summary checklist of rights and responsibilities. (EV)