Direct Loans Fresno CA

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

Citibank-Cedar/Shields Office
(559) 228-0934
3141 N. Cedar Ave
Fresno, CA
Bank of America Tower District Branch
(559) 445-2237
1264 N. Wishon Ave
Fresno, CA
Citibank-Fresno Downtown Office
(800) 496-3083
2303 Kern St
Fresno, CA
Bank of America Fresno City Center
(559) 445-7660
2513 Fresno St
Fresno, CA
United Security Bank-Downtown
(559) 233-7968
855 M St
Fresno, CA
Wells Fargo Bank - Fresno Main
(559) 442-6311
1206 Van Ness Ave.
Fresno, CA
Westamerica Bank Downtown
(559) 495-4150
2440 Tulare Street Suite # 110
Fresno, CA
Bank of America East Fresno Branch
(559) 445-7767
4445 E. Tulare St.
Fresno, CA
Security First Bank
(559) 225-1700
3720 N Blackstone Ave
Fresno, CA
Bank of America Cedar & Shields Branch
(559) 445-7449
3435 N Cedar Ave
Fresno, CA

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

Citibank-Cedar/Shields Office

(559) 228-0934
3141 N. Cedar Ave
Fresno, CA

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