Direct Loans Aston PA

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

Common Mortgage Service
(610) 485-5595
4009 Market St Unit A
Aston, PA
Fulton Bank
(610) 376-2873
2747 Century Blvd
Reading, PA
First National Bank
(814) 623-2186
155 N Richard St
Bedford, PA
Advantage Mortgage Solutions
(215) 364-1975
221 Street Rd
Southampton, PA
Turnstone Mortgage Company
(610) 280-7170
Gordon Dr
Exton, PA
First Keystone Bank
(610) 565-6210
Media, PA
Fidelity Savings & Loan Association of Bucks County
(215) 785-6001
201 Pond St
Bristol, PA
Iron and Glass Bank
(412) 343-0900
600 Castle Shannon Blvd
Pittsburgh, PA
First Keystone Bank
(610) 876-8131
23 E 5th St
Chester, PA
Ace Cash Express
(412) 429-9689
1059 Washington Ave
Carnegie, PA

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

Bohemian American Federal Savings & Loan Assn Inc

410-866-2800
8056 Philadelphia Rd
Baltimore, MD
http://www.madisonbohemian.com

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