Direct Loans Orange Park 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

Advance America
904-880-8229
11701 San Jose Blvd
Jacksonville, FL
American Auto Finance Underwriting
904-265-6102
4819 San Juan Ave
Jacksonville, FL
Ability Mortgage
904-268-4115
4876 Northford Pl W
Jacksonville, FL
Ace Mortgage Funding
904-880-3291
9625 Amarante Cir
Jacksonville, FL
Automobile Title Loans
904-389-9394
622 Cassat Ave
Jacksonville, FL
Kwik Kash Title Loans
904-381-1181
1173 Cassat Ave
Jacksonville, FL
EZ Money Loan Services
904-779-1785
5553 Beach Blvd
Jacksonville, FL
American Home Equity Loan Corp
904-332-4531
2589 Park St
Jacksonville, FL
Best Mortgage Loan
904-866-4297
5569 Bowden Rd
Jacksonville, FL
Express Loans LLC
904-645-9787
3723 Southside Blvd
Jacksonville, 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.

    ...

Click here to read the rest of the article at HowToDoThings.com

Author: B. Danesco

Featured Local Company

Advance America

904-880-8229
11701 San Jose Blvd
Jacksonville, FL
http://www.advanceamerica.net

Related Local Events
IMPACTJax:Much Ado About Books
Dates: 2/28/2009 - 2/28/2009
Location: Jacksonville Main Library
Jacksonville, FL
View Details

Conference on Osteoporosis
Dates: 2/19/2009 - 2/22/2009
Location: Amelia Island Plantation
Amelia Island, FL
View Details
Rate Article
     
Articles Insider

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