Direct Loans Bend OR

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

Killinger Jennifer
(541) 318-5500
Bend, OR
Advance America Cash Advance
(541) 330-0895
1288 SW Simpson Ave
Bend, OR
US Title Loans
(541) 318-5905
923 SE 3rd St
Bend, OR
Bachelor Mortgage Group
(541) 322-0200
244 NE Franklin Ave
Bend, OR
Western Pacific Mortgage Corporation
(541) 389-5553
400 SW Bluff Dr Ste 107
Bend, OR
Bank of America
(541) 389-3500
1210 NE 3rd St
Bend, OR
Trust Lending Corporation
(541) 330-0076
61470 S Highway 97 Ste 1
Bend, OR
Bank of America
(541) 389-3500
1210 NE 3rd St
Bend, OR
Edgewater Lending Group
(541) 749-4500
243 SW Scalehouse Loop
Bend, OR
Certified Financial Services Inc
(541) 382-3277
805 SW Industrial Way Ste 204
Bend, OR

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

Society of St. Vincent de Paul

(541) 536-1956
51484 Morson Rd
La Pine, OR
http://www.centraloregonsvdp.org


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