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Whether you are new to the Direct Loan Program or a veteran, resources on the following pages of the website can provide you with information that will explain program processes and requirements, provide resources for improving program administration on your campus, and the latest news from software vendors and the Department of Education.
What else can I help you with?
What is the purpose of direct loan?
A direct loan is a student loan that is made to the student directly by the federal government, which then subsidizes the interest on the loan while the student is in school. A direct loan is not a consolidation loan, neither for student loans or for people who have general debt. Direct loans are made to those who are determined eligible based on need, which is determined by FAFSA (www.fafsa.ed.gov). Keep in mind that student loans, once consolidated, are no longer "student loans" and as such are no longer eligible for any of the benefits of a student loan.
What is the difference between a fed direct sub Stafford loan and a fed direct unsub Stafford loan?
A sub, or subsidized, loan is when the school pays for the interest while you're attending school as a full time student. It's somewhat of a "no interest" loan, until you stop attending school. The unsub (unsubsidized) collects interest through your school year, and after, and is closer to your typical loan.
Are direct loans a smart choice?
A direct loan is a student loan that is made to the student directly by the federal government. There is no secondary lender in the middle of the transaction. A direct loan is not a consolidation loan, neither for student loans or for people who have general debt. Direct loans are made to those who are determined eligible based on need, which is determined by FAFSA (www.fafsa.ed.gov). Keep in mind that student loans, once consolidated, are no longer "student loans" and as such are no longer eligible for any of the benefits of a student loan.
Can I get direct loans servicing for student loans?
Direct loan servicing is available for student loans. The following website provides additional information: yesiamcheap.com/2011/03/hate-direct-student-loan-servicing/
How does one go about obtaining a direct loan?
An individual(student) may obtain a direct loan by filling out an application and sending it to the Federal Student Aid(FSA).
What is a direct student loan and how would you apply for one?
It is student loan provided to a student in college. When you apply for finial aid you can also apply for a student loan then, your college will have lender set up.
If a student should decide to leave school permanently for any reason how many months does the student have before he or she needs to begin repaying the Direct Stafford Loan?
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What If a student should decide to leave school permanently for any reason how many months does the student have before he or she needs to begin repaying the Direct Stafford Loan?
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How do you obtain a federal student loan?
Go to student loan area--financial assistance--at the school where you are applying.
Where can one get a refinancing student loan?
There are three ways one can get a refinancing student loan. These places include a student's current lender, a local bank, and the U.S. Department of Education's Direct Loan Program.
What happens if you get a student loan and then decide not to go to school?
Probably nothing PROVIDED you pay back the loan. It depends upon whether it was a condition of the loan that you DO go to school. In any event, whether or not you go to school, by its very nature it is a student LOAN and not a student GIFT so you must expect to repay it - one way or another. By its very name it is a student LOAN and not a student GIFT. So whether or not you actrually go to school you will have to repay it. What ELSE did you imagine?
What is a federal direct plus loan?
The Federal Direct Student Loan program is loan given to students in the United States. If you feel that you are in need of the perfect loan, then maybe this is the right one for you since it is a government loan.
