Direct Loans Biloxi MS

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

Loanmax
(228) 594-8300
2430 Tass Rd
Biloxi, MS
Regions Bank
(228) 435-6610
210 Eisenhower Dr
Biloxi, MS
Money Store the
(228) 436-7671
1732 Pass Rd
Biloxi, MS
Republic Finance
(228) 432-0326
1015C Howard Ave
Biloxi, MS
Title Cash
(228) 435-0330
1735 Pass Rd
Biloxi, MS
Title Cash
(228) 435-0330
1735 Pass Rd
Biloxi, MS
Pls Payday Loan Store
(228) 392-2491
3586 Sangani Blvd Ste D
Biloxi, MS
Hancock Bank Mortgage Center
(228) 871-6215
2369 Pass Rd
Biloxi, MS
Republic Finance
(228) 392-0004
10104A Gorenflo Rd
Biloxi, MS
Harison Finance D'iberville
(228) 594-8405
2434 Pass Rd Ste C
Biloxi, MS

Direct Loans

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

Advance America

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Related Local Event
Mississippi Department of Education - Mississippi Summer Conference
Dates: 6/1/2009 - 6/5/2009
Location: Mississippi Coast Coliseum/Convention Center
Biloxi, MS
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