Direct Loans North Carolina

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

1st Capital Mortgage Corp
336-299-9995
7 Oak Branch Dr
Greensboro, NC
1st Choice Mortgage Equity
336-834-0049
1500 Pinecroft Rd
Greensboro, NC
Reliable Loan & Jewelry
919-832-3461
307 S Wilmington St
Raleigh, NC
American General Finance
336-375-1335
2103 Pyramid Village Blvd
Greensboro, NC
Beneficial
(919) 490-5151
4711 Hope Valley Rd
Durham, NC
Allied Home Mortgage Capital Corporation
336-333-0060
106 E Northwood St
Greensboro, NC
B & W Pawn Shop
336- 274-6910
1712 E Bessemer Ave
Greensboro, NC
Allied Home Mortgage Capital Corporation
336-774-9881
1384 Westgate Center Dr
Winston-Salem, NC
Countrywide Home Loans
(919) 941-6440
4620 Creekstone DR
Durham, NC
Fidelity Acceptance
(919) 620-0464
1335 Hamlin RD
Durham, NC

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

1st Capital Mortgage Corp

336-299-9995
7 Oak Branch Dr
Greensboro, NC

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