Direct Loans Ohio

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

Alway Payday
614-418-0400
246 Granville St
Columbus, OH
ACE Cash Express
216-249-2274
1530 Hayden Ave
Cleveland, OH
FirstMerit Bank
(330) 666-5661
30 Springside Dr
Akron, OH
National Cash Advance
(330) 785-1445
1400 S Arlington St
Akron, OH
Express Small Loans
614-865-0952
5783 Cleveland Ave
Columbus, OH
ACE Americas Cash Express
614-475-4505
2554 Morse Rd
Columbus, OH
A Mortgage Now
440-249-0297
26777 Lorain Rd
Cleveland, OH
AIM Loans
513-842-0524
2886 E Kemper RD
Cincinnati, OH
Fast Payday Loans
419-381-2248
1817 S Reynolds Rd
Toledo, OH
Advance America
419-380-9274
5153A Glendale Ave
Toledo, OH

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

Alway Payday

614-418-0400
246 Granville St
Columbus, OH

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