Direct Loans Monroe NC

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

Covenant Day School
(704) 847-2385
800 Fullwood Lane
Charlotte, NC
Wingate University School of Graduate and Adult Education Metro Campus
(704) 849-2132
PO Box 3549
Charlotte, NC
Charlotte Christian School
(704) 366-5657
7301 Sardis Road
Charlotte, NC
March of Dimes
(704) 377-2009
7506 East Independence Boulevard Suite 114
Charlotte, NC
Better Business Bureau of the Southern Piedmont, Inc
(704) 927-8611
13860 Ballantyne Corporate Place Suite 225
Charlotte, NC
Get Healthy! Resource Center (Hallelujah Acres) Hallelujah Acres Get Healthy! Resource Center
(704) 526-2195
12210 Copperway Suite 228
Charlotte, NC
Into Spanish Ltd
(704) 770-1961
5806 Cary Ridge Drive
Charlotte, NC
Nicole E Hudson & Associates
(704) 312-4186
15720 John J. Delaney Drive Suite 300
Charlotte, NC
Superior School of Real Estate
(704) 944-4260
14825 John J. Delaney Drive Suite 240-15
Charlotte, NC
Huntington Learning Center
(704) 542-5421
8700 Pineville-Matthews Road
Charlotte, NC

Direct Loans

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

Covenant Day School

(704) 847-2385
800 Fullwood Lane
Charlotte, NC

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