Direct Loans Hickory NC

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

Welcome Finance Co Inc
(828) 328-2531
730 4th St SW
Hickory, NC
Bank of Granite
(828) 345-6888
2220 12th Ave NE
Hickory, NC
Equity One Inc
(828) 324-5600
2367 US Highway 70 SE
Hickory, NC
Bank of Granite
(828) 345-6868
281 14th Ave NE
Hickory, NC
Bb&t
(828) 326-4850
2527 S Nc 127 Hwy
Hickory, NC
Citifinancial
(828) 327-9156
465 US Highway 70 SW
Hickory, NC
Goldmine Mortgage Corporation
(828) 327-8033
108 1st St SW
Hickory, NC
Mortgage Connection Corp the
(828) 261-0808
785 US Highway 70 SE
Hickory, NC
Regency Lending Services
(828) 267-2477
910 Tate Blvd SE
Hickory, NC
Bank of Granite
(828) 345-6800
25 3rd St NW
Hickory, NC

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

CommunityOne Bank, N.A

(704) 658-9261
8231 Magnolia Estates Drive
Charlotte, NC

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