Direct Loans Bethlehem 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

Citifinancial
(610) 954-0171
3650 Nazareth Pike
Bethlehem, PA
Lafayette Ambassador Bank
(610) 332-2805
60 W Broad St
Bethlehem, PA
Citifinancial Services Inc
(610) 814-3301
2110 W Union Blvd
Bethlehem, PA
Fish Financial Llc
(610) 758-9730
60 W Broad St
Bethlehem, PA
Advance America Cash Advance
(610) 317-8060
1818 Stefko Blvd
Bethlehem, PA
Lafayette Ambassador Bank
(610) 332-2805
60 W Broad St
Bethlehem, PA
Regency Finance Co
(610) 691-7272
1830 Stefko Blvd
Bethlehem, PA
National City Mortgage
(610) 954-8400
1530 8th Ave Ste 201
Bethlehem, PA
The Mortgage Professionals Llc
(610) 954-8234
65 E Elizabeth Ave
Bethlehem, PA
Crown Mortgage Services Inc
(814) 887-5198
301 W Main St
Smethport, 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

Atlantic Federal Mortgage Group Lec

(973) 530-4069
90 Bergen St
Newark, NJ

Related Local Events
Book Club
Dates: 12/17/2009 - 12/17/2009
Location: Harleysville Books, LLC
Harleysville, PA
View Details

East Penn Chamber of Commerce Presents: The East Penn School Board Candidates Debate
Dates: 10/19/2009 - 10/19/2009
Location: The Clcok Building
Emmaus, PA
View Details

Business Book Club
Dates: 9/16/2009 - 9/16/2009
Location: Yardley-Makefield Library
Yardley, PA
View Details

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History