answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a direct student loan and how would you apply for one?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance
Related questions

How can one apply for a Direct PLUS loan?

It is possible to apply for a Direct Plus loan directly online through the official Government's Direct website or also through the Governments official student finance website.


Where can you apply for a federal student loan?

The main place that i would suggest to go for to apply for a federal student loan would be your local bank branch. Go there and speak to one of the advisors about the best loan that would be suited for you.


How might one make a student loan application in Canada?

A student in Canada would need to apply through a student loan company. There are some available out there willing to help any student with their student loan applications.


Where can you apply for Chase select loans?

In order to apply for a student loan specifically from Chase, a student would need to go to the Chase Student Loan webpage and fill in the application or talk to financial aid to see if they can do it.


How can someone apply for a student loan consolidation?

If one is wanting to consolidate student loans there are a few options available. One can apply online at the Direct Consolidation Loans website, or an application can be made by phone. The Direct Consolidation Loans site also offers a downloadable paper application that can be completed and mailed in. Another option would be to speak with a person at ones financial institution and inquire about consolidating student loan debts.


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.


Will the Student Loan Forgiveness Act apply to me?

The student loan forgiveness act only applies to Federal student loans so you would need to check what kind of loan you have. Then if you have a lot of loans you could think about consolidating them.


How would an individual apply for a Chase auto loan?

An individual can apply for a Chase auto loan through their website. The link to apply will direct one to a Chase loan representative who will guide the individual through the process.


Where can the current student loan rate be obtained?

A student can obtain the current student loan rate from websites online such as FinAid or Direct Ed or the New York Times. Googling current student loan rate would be a good place to start.


Which universities offer CIBC student loans?

A CIBC student loan can be given out from virtually any college or university in Canada. You would have to apply for it in order to get the loan for schooling.


What is needed to apply for a Bank of America Student Loan?

To apply for a Bank of America Student Loan one needs proof of identity details and their student registration details for the college they are attending. One can apply online.


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/