Direct Loans Apple Valley CA

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

Continental Mortgage Services
(760) 242-5585
16025 Kamana Rd
Apple Valley, CA
Guru Financial
(760) 946-3060
18930 US Highway 18
Apple Valley, CA
Searchlight Funding
(760) 240-8900
20440 US Highway 18
Apple Valley, CA
South Pacific Financial Corp
(760) 242-8822
18484 US Highway 18
Apple Valley, CA
Tri-City Home Loans
(760) 247-6346
20786 Bear Valley Rd
Apple Valley, CA
Advance America Cash Advance
(760) 247-6799
21620 Bear Valley Rd
Apple Valley, CA
Union Bank of California
(760) 247-7284
14880 Aztec Rd
Apple Valley, CA
Washington Mutual
(760) 242-1775
20236 US Highway 18
Apple Valley, CA
Inter Mountain Mortgage
(760) 946-3822
19063 US Highway 18
Apple Valley, CA
Cash 2-U
(760) 240-0710
21887 US Highway 18
Apple Valley, CA

Direct Loans

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.

    ...

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Author: B. Danesco

Featured Local Company

Executive Realty and Home Loans

951-788-0416
3737 Main St
Riverside, CA

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