Direct Loans Weslaco TX

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

Agcredit of South Texas
(956) 447-5500
555 S International Blvd
Weslaco, TX
B & W Finance Co
(956) 968-2196
588 S Texas Blvd
Weslaco, TX
City Loan Co
(956) 968-3816
102 S Texas Blvd
Weslaco, TX
Sun Loan Company
(956) 969-1300
260 S Texas Blvd Ste 104
Weslaco, TX
Security Finance
(956) 968-0558
125 W 4th St
Weslaco, TX
Ace Cash Express
(956) 969-8600
1025 N Texas Blvd # 12
Weslaco, TX
Cordova Finance Company
(956) 969-3964
200 S Texas Blvd
Weslaco, TX
Texas State Bank
(956) 968-4511
500 S Missouri Ave
Weslaco, TX
Cordova Finance Company
(956) 968-8744
200 S Texas Blvd
Weslaco, TX
Atlas Credit Co
(956) 968-9771
407 N Texas Blvd Ste A
Weslaco, TX

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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