Direct Loans Pine Bluff AR

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

Pine Bluff National Bank
(870) 540-4918
Pine Bluff, AR
Watson Chapel Financial Center
(870) 879-6200
3400 Camden Rd
Pine Bluff, AR
Payday Money Store
(870) 536-1211
4703 Dollarway Rd
Pine Bluff, AR
Dollarway Pawn & Audio
(870) 267-7774
5608 Dollarway Rd
Pine Bluff, AR
Agheritage Farm Credit Services
(870) 534-5701
Pine Bluff, AR
Advance America Cash Advance
(501) 860-6896
1201 Military Rd
Benton, AR
Federal Land Bank Assn
(870) 238-2211
405 E St
Wynne, AR
Regions Bank
(479) 964-1284
1907 W Main St
Russellville, AR
Allied Home Mortgage Capital Corp
(479) 646-3600
2801 Old Greenwood Rd
Fort Smith, AR
Ace America's Cash Express
(501) 372-4930
1100 E Roosevelt Rd
Little Rock, AR

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

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