Direct Loans Mcpherson 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

Mortgage Company the
(620) 245-9634
811 N Main St
McPherson, KS
Citizens State Bank the
(620) 245-9200
205 S Centennial Dr
McPherson, KS
Farm Credit Services
(620) 241-1265
1016 N Main St
McPherson, KS
Peoples Bank & Trust
(620) 241-2100
101 S Main St
McPherson, KS
Gateway Mortgage Group
(620) 241-3400
822 N Main St
McPherson, KS
First Bank Kansas
(620) 241-8111
1301 N Main St
McPherson, KS
Kansas Assisted Technology Cooperative
(913) 596-1477
Kansas City, KS
Household Finance Corporation
(913) 788-3100
8151 State Ave
Kansas City, KS
Esb Business Center
(620) 342-8655
1111 Industrial Rd
Emporia, KS
Wells Fargo Financial
(913) 492-9105
12018 W 95th St
Overland Park, 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.

    ...

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Author: B. Danesco

Featured Local Company

Wichita Federal Credit Union

(316) 941-0600
3730 W 13th St N
Wichita, KS
http://www.wichitafcu.com

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