Direct Loans South 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.

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North Charleston, SC
Title Max
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Lancaster, SC
Delta Loans
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207 W Main St
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Checkmate Cash Advance Center
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6005 Wade Hampton Blvd
Taylors, SC
Lenders Loan
(843) 726-5185
7789 W Main St
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Cash To Payday
(864) 461-1394
106 N Alabama Ave
Chesnee, SC
Carolina's Best Title Loans
(864) 886-8560
101 By Pass 123
Seneca, SC
Title Max
(864) 269-0116
2711 Anderson Rd
Greenville, SC
Quick Credit Corporation
(843) 354-5410
107 E Main St
Kingstree, SC
Bencharge Credit Service of South Carolina
(843) 248-4221
610 Church St
Conway, SC

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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