Direct Loans Akron OH

If you're applying to college or currently attending college, you or your parents may be eligible for a direct loan. The following article explains what these loans are and how you can get one.

Local Companies

E Z Acceptance Corporation
(330) 835-4520
2110 Copley Rd
Akron, OH
Kevin Thomas & Associates
(330) 252-1770
1001 Whittier Ave
Akron, OH
Payday Cash Advance
(330) 867-4920
1588 S Hawkins Ave
Akron, OH
Falls Consumer Credit Mgmt Inc
(330) 945-6455
1650 S Arlington St
Akron, OH
Citizens Financial Services Inc
(330) 785-9447
1503 S Arlington St
Akron, OH
National Cash Advance
(330) 785-1445
1400 S Arlington St
Akron, OH
Genfed Federal Credit Union
(330) 784-5451
85 Massillon Rd
Akron, OH
National City Bank
(330) 899-2120
3333 Massillon Rd
Akron, OH
FirstMerit Bank
(330) 666-5661
30 Springside Dr
Akron, OH
Nations Mortgage Service Inc
(330) 940-2000
121 S Main St
Akron, OH

If you're applying to college or currently attending college, you or your parents may be eligible for a Direct Loan. These are government loans that will help defray the cost of your education. They must be repaid, but they can help people afford an education which would otherwise be unaffordable. If you're considering applying for a Direct Loan, here are some steps to take in the process:

  1. Get to know what a Direct Loan is. A Direct Loan is a loan for students wherein the college gets money directly (no pun intended) from the federal government. Not all colleges participate in this program. Direct Loans for students are usually called Stafford Loans. When the parent of the student takes out the loan, it's called a PLUS Loan. (Note: there's another similar loan called the FFEL Stafford Loan.)

  2. Differentiate between a subsidized or unsubsidized loan. There are two categories of these loans: subsidized loans and unsubsidized loans.

    A subsidized loan means you aren't charged interest until it comes time to pay the loan back. You get a subsidized loan if you qualify on the basis of need. The government calculates "need" as what your family can contribute, plus other sources of payment (scholarships, etc) plus Pell Grant Eligibility all subtracted from what it will cost you to attend.

    Unsubsidized loans, on the other hand, will cost you interest right from the start until you pay it off in full. You don't need to qualify on a need basis for an unsubsidized loan, rather, you just need to be a regular student (in school to earn a degree or certificate) in an "eligible program" (school that is in the Direct Loan Program) and meet some other eligibility requirements and things like "dependent" vs. "independent" student status.

    ...

Click here to read the rest of the article at HowToDoThings.com

Author: B. Danesco

Featured Local Company

E Z Acceptance Corporation

(330) 835-4520
2110 Copley Rd
Akron, OH

Related Local Events
Museum Book Club
Dates: 11/5/2009 - 11/5/2009
Location: Akron Art Museum
Akron, OH
View Details

Truth Under Pressure: Strategies For Writing Poetry, Fiction, And Nonfiction
Dates: 10/27/2009 - 10/27/2009
Location: Ashland University, Ronk Lecture Hall
Ashland, OH
View Details

Craft Seminar with C.K. Williams
Dates: 8/7/2009 - 8/7/2009
Location: Ashland University, Ronk Lecture Hall
Ashland, OH
View Details

Reading by C.K. Williams
Dates: 8/6/2009 - 8/6/2009
Location: Ashland University, Ronk Lecture Hall
Ashland, OH
View Details

Craft Seminar with Enid Shomer and Steven Harvey
Dates: 8/6/2009 - 8/6/2009
Location: Ashland University, Ronk Lecture Hall
Ashland, OH
View Details

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History