Direct Loans Brockton MA

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

University of Phoenix-Massachusetts Campus
(781) 228-4533
100 Grossman Drive, Suite 201
Braintree, MA
Wheaton College
(508) 286-8244
26 E. Main Street
Norton, MA
BELL (Building Educated Leaders for Life)
(617) 282-1567
60 Clayton Street
Dorchester, MA
Nativity Preparatory School
(857) 728-0031
39 Lamartine Street
Jamaica Plain, MA
University of Massachusetts Boston
(617) 287-5146
100 Morrissey Boulevard
Boston, MA
Boston College High School
(617) 436-3900
150 Morrissey Boulevard
Boston, MA
Roxbury Community College/Reggie Lewis Center
(617) 541-2454
1350 Tremont Street
Boston, MA
Olin College of Engineering
(781) 292-2300
Olin Way
Needham, MA
Boston College Career Center
(617) 552-3633
(617) 552-3633
Chestnut Hill, MA
Bunker Hill Community College
(617) 228-2400
250 New Rutherford Avenue
Boston, MA

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.

    ...

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Author: B. Danesco

Featured Local Company

University of Phoenix-Massachusetts Campus

(781) 228-4533
100 Grossman Drive, Suite 201
Braintree, MA

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