Direct Loans Garden City KS

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

Check 'n Go
(620) 260-9832
2312 E Kansas Ave
Garden City, KS
Golden Plains Credit Union Mortgage Lending
(620) 276-8175
1135 College Dr Ste C
Garden City, KS
Apple Mortgage Inc
(620) 275-9234
1135 College Dr Ste I4
Garden City, KS
Emergency Cash & Loan Llc
(620) 272-0277
913 W Mary St
Garden City, KS
Advance America Cash Advance
(620) 275-5000
2204 E Kansas Ave Ste 3
Garden City, KS
Wells Fargo Home Mortgage
(620) 275-4026
1507 Fulton
Garden City, KS
First National Bank of Anthony
(620) 896-7317
1002 Central St
Harper, KS
Peoples National Bank & Trust
(785) 825-5921
611 E Iron Ave
Salina, KS
Advance America Cash Advance
(316) 267-3726
2407 S Seneca St
Wichita, KS
Beneficial Kansas Inc
(785) 827-5501
2304 Planet Ave
Salina, KS

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

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