Direct Loans Athens 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

First National Bank of Mc Connelsville
(740) 594-1863
1012 E State St
Athens, OH
Citifinancial
(740) 593-5561
596 E State St
Athens, OH
Checksmart
(216) 289-8462
22318 Lake Shore Blvd
Cleveland, OH
American General Financial Services
(419) 668-9204
461 Milan Ave
Norwalk, OH
American General Financial Services
(419) 625-3222
5500 Milan Rd
Sandusky, OH
Old Fort Banking Company
(419) 334-2989
300 W State St
Fremont, OH
Money Mart
(216) 261-2274
1270 E 260th St
Euclid, OH
Farm Credit Services
(740) 439-7971
2146 Southgate Pkwy
Cambridge, OH
Larkin Lawn Care
(419) 595-2700
11673 W Big Spring Twp Rd 96
New Riegel, OH
State Cash Advance
(216) 631-4050
3210 W 65th St
Cleveland, 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

Allied Cash Advance

614-856-0480
3600 E Main St
Columbus, OH
http://www.alliedcashadvance.com

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