Direct Loans Hollywood FL

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

Taft Street Baptist Church
(954) 983-1413
7241 Taft Street
Pembroke Pines, FL
Broward College (South Campus)
(954) 201-8800
7200 Pines Boulevard
Pembroke Pines, FL
Tanglewood Academy
954-431-8805
9860 Pines Blvd.
Pembroke Pines, FL
Delta Connection Academy
954-893-3949
7200 Pines Blvd.
Pembroke Pines, FL
Ana G. Mendez University System
(954) 885-5595 x8501
3520 Enterprise Way
Miramar, FL
Le Cordon Bleu College of Culinary Arts
954-438-8882
3221 Enterprise Way
Miramar, FL
City of Pembroke Pines Charter Elementary East
954-443-3330
10801 Pembroke Road
Pembroke Pines, FL
City of Pembroke Pines Charter Elementary West
954-450-6990
1680 SW 184th Avenue
Pembroke Pines, FL
Art Institute of Miramar
(954) 499-8577
11820 Miramar Parkway,
Miramar, FL
Escuela Empresarial
(954) 292-4160
3520 Enterprise Way
Miramar, FL

 

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

Taft Street Baptist Church

(954) 983-1413
7241 Taft Street
Pembroke Pines, FL

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