Direct Loans Naples FL

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

Bank of America
(239) 352-4196
5991 Pine Ridge Rd
Naples, FL
Wells Fargo Private Mortgage Banking
(239) 514-1776
5625 Strand Blvd
Naples, FL
Bank of America
(239) 659-2100
4501 Tamiami Trl
Naples, FL
Bank of America
(239) 649-0116
2412 Pine Ridge Rd
Naples, FL
Bank of America
(239) 436-1960
796 5th Ave S
Naples, FL
Community Bank of Naples
(239) 436-3600
4099 Radio Rd
Naples, FL
Bank of America
(239) 649-6225
120 Moorings Park Dr
Naples, FL
Southtrust Bank
(239) 598-1001
811 Vanderbilt Beach Rd
Naples, FL
Tib Bank
(239) 659-3020
599 Tamiami Trl N Ste 101
Naples, FL
Bank of America
(239) 775-6550
4201 Tamiami Trl E
Naples, FL

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.

    ...

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Author: B. Danesco

Featured Local Company

Elite Florida Loans

(305) 388-0094
7802 SW 129th Pl
Miami, FL

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