Direct Loans Seminole 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

Southern Commerce Bank
(727) 393-2027
11290 Park Blvd
Clearwater, FL
First State Bank
(727) 397-1000
7101 Park Street N.
Clearwater, FL
SunTrust Bank of Tampa Bay
(727) 548-4433
7490 Bryan Dairy Rd.
Clearwater, FL
Bank of America
(727) 530-4485
13625 Belcher Rd S.
Clearwater, FL
SunTrust Bank of Tampa Bay
(727) 532-2407
3705 East Bay Dr
Clearwater, FL
Encore Bank
2973WestBayDr
2973 West Bay Dr
Clearwater, FL
Northern Trust
(727) 587-1100
525 Indian Rocks Road
Clearwater, FL
Old Harbor Bank
(727) 835-2265
715 Indian Rocks Rd. N
Clearwater, FL
SunTrust Bank of Tampa Bay
(727) 588-7500
380 N Indian Rocks Rd
Clearwater, FL
Wachovia Bank
(813) 538-4545
2515 W. Bay
Clearwater, FL

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

Southern Commerce Bank

(727) 393-2027
11290 Park Blvd
Clearwater, FL

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