Direct Loans Las Vegas NV

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

Community Bank of Nevada
(702)8780700
3500 W Sahara Ave
Las Vegas, NV
Nevada State Bank
(702)2486422
3480 W Sahara Ave
Las Vegas, NV
U.S. Bank Nevada
(702)3862904
2300 W Sahara Ave Ste 200
Las Vegas, NV
Amalgamated Bank
(702)2578956
2960 Meade Ave
Las Vegas, NV
Wells Fargo Bank
(702)7372906
3360 W Sahara Ave
Las Vegas, NV
Bank of Nevada
702 2484200
2700 W Sahara
Las Vegas, NV
Mountain America Credit Union
(702) 251-5750
4810 W Desert Inn Rd Ste
Las Vegas, NV
Colonial Bank
(702)2484141
2555 S Rainbow Blvd
Las Vegas, NV
Community Bank of Nevada
(702)8780700
1400 S. Rainbow Blvd.
Las Vegas, NV
First Asian Bank
(702)8899822
2610 S Jones Blvd Ste 3
Las Vegas, NV

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

Community Bank of Nevada

(702)8780700
3500 W Sahara Ave
Las Vegas, NV

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