My Articles | About Us | Contact Us | Advertise With Us | Search   
 
News, Tips & Offers delivered to your inbox

ABOUT US | VIEW ALL FEATURED ARTICLES | VIEW ALL TOPICS | VIEW ALL REGIONS | DM MOBILE | DM BLOG

Direct Loans Missouri

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

Commerce Bank, N.A. - Blue Hills
(816) 234-2437
6100 Troost Ave
Kansas City, MO
Commerce Bank, N.A. - Grandview
(816) 234-7295
12829 S. 71 Hwy.
Grandview, MO
Commerce Bank, N.A. - Osage
(816) 234-1984
300 N. Osage
Independence, MO
Great Southern Bank
(913) 345-2603
14 Corporate Woods
Kansas City, MO
UMB Bank, n.a. - Grandview
(816) 767-4900
12210 S. 71 Hwy.
Grandview, MO
US Bank at 24 Highway
(816) 521-3475
110 E. 24 Hwy
Kansas City, MO
AAA American Title Loan
314-522-9800
1604 S Florissant RD
St. Louis, MO
Advance Loan
314-361-7000
1408 N Kingshighway Blvd
St. Louis, MO
Lemay Loans
314-631-3009
838 Lemay Ferry RD
St. Louis, MO
Bank of the West
(816) 587-2888
5245 N.W. 64th St.
Kansas City, MO

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

Commerce Bank, N.A. - Blue Hills

8162342437
6100 Troost Ave
Kansas City, MO
Read more about Direct Loans

Related Local Event
Mysteries of the Universe Annual Conference
Dates: 7/18/2009 - 7/18/2009
Location: Intrigue Park Place Hotel
Kansas City, MO
View Details
Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin
Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History
Articles.DirectoryM.com | Search | About Us | Contact Us | Mobile | Blog | En Español
Copyright © BET Information Systems, Inc. All rights reserved.