Direct Loans Louisiana

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

Crown Loan Payday Advance
504-367-3367
2932 General Degaulle DR
New Orleans, LA
Crescent Bank & Trust Loan Production Office
225-218-8228
9181 Interline Ave
Baton Rouge, LA
A American Mortgage Network
225-298-1210
2900 Westfork Dr
Baton Rouge, LA
American Thrift & Finance Plan LLC
504-822-1080
2233 Canal St
New Orleans, LA
Lela Louisiana Education Loan Authority
225-923-0065
2237 S Acadian Thruway
Baton Rouge, LA
Pay Day Loans
225-356-4428
5151 Plank RD
Baton Rouge, LA
360 Mortgage
225-293-6422
3851 S Sherwood Forest Blvd
Baton Rouge, LA
ASI Federal Credit Union
504-733-7274
3434 Prytania St
New Orleans, LA
Paycheck Loans
225-928-3102
8345 Florida Blvd
Baton Rouge, LA
Benchmark Mortgage
504-737-8440
6226 Jefferson Hwy
New Orleans, LA

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

Crown Loan Payday Advance

504-367-3367
2932 General Degaulle DR
New Orleans, LA

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