… Subsidized Federal Direct Loans Students must complete the FAFSA and demonstrate financial need according to the federal formula in order to be eligible for subsidized direct loans. Under this program: The federal government will pay the … Local Control Funding Formula, enrolled in 1st through 12th grades during the 2022-2023 academic year and, beginning in Fall 2023, all incoming low-income public school first graders will be automatically enrolled in CalKIDS. Eligible low-income …