Direct Loans Ardmore OK

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

Covington Credit
(580) 223-6800
813 W Broadway St
Ardmore, OK
Continental Credit
(580) 226-6666
202 W Main St
Ardmore, OK
Farm Credit
(580) 226-8859
308 S Commerce St
Ardmore, OK
American National Bank
(580) 226-7738
6295 W Broadway
Ardmore, OK
Citifinancial
(580) 223-8902
214 W Main St
Ardmore, OK
Country Home Financial
(580) 224-9300
Ardmore, OK
Master Finance Co
(580) 226-2300
7 N Washington St Ste B
Ardmore, OK
Wells Fargo Home Mortgage
(580) 226-0494
1407 W Broadway St
Ardmore, OK
Archway Lending Group Lp
(580) 226-8114
333 W Main St
Ardmore, OK
Power One Realty
(580) 226-8103
333 W Main St Ste 240
Ardmore, OK

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

Capital One

214-872-3124
7940 Dominion Pkwy
Plano, TX
http://www.capitalone.com

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