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Subjects>Law & Government>United States Government

Are direct loans a smart choice?

Anonymous

∙ 13y ago

Updated: 11/9/2022

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.

Wiki User

∙ 13y ago

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Related Questions

Does Lombard Direct make personal loans?

Lombard Direct is a UK based loan service. Lombard Direct no longer issue personal loans. Lombard Direct stopped issuing personal loans in 2009. Lombard gives loans out for financing previous loans or for business loans.

How can I get direct student loans?

Go to banks and they can show how to get direct student loans. Also consider searching the web for direct student loans, and ask trusted friends, colleagues, and family members about this direct student loans. good luck.

Where is it possible to get federal direct loans?

It is possible to get federal direct loans at banks and institutions which offer them. Citizen's Bank is one of the banks at which one can get these direct loans, but there are many others.

What company provides direct student loans?

There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.

Where can one find loans for direct servicing?

There is a place online where someone can find loans for direct servicing. The best place to look in the Direct Ed website which offers information about how students and parents can apply for Direct loans.

What are the differences between direct and indirect student loans?

The difference between direct and indirect student loans are direct loans come to you in your name to deposit and use for school. Indirect loans go stright to the school and are used just for tuition.

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/

Are all consildated federal loans considered direct loan consolidations?

No. The vast majority are FFELP. If your lender is anyone other then DIRECT LOANS you do not have a Direct Loan.

What lenders do collateral assignment loans?

I know Smart Term Loans does. They have a website you can checkout online.

Where can I find more about the income contingent repayment option for student loans?

Income Contingent Repayment, abbreviated ICR, is used if a person needs to pay back their student loans but have a low income. Any direct subsidized or unsubsidized loans are eligible, as well as direct plus loans or direct consolidation loans. Loans that are not eligible are federal family education loan program loans (FFEL) and direct plus loans made to parents. If you choose the income contingent repayment option, you would make monthly payments for 25 years based on your family size, income, and amount of money owed for your direct loans.

What companies offer direct loans?

Direct loans are not offered by companies, but rather by the United States government. These are low-interest loans given to students through the US Department of Education.

Where can auto loans specific to students be found?

Auto loans for students can be found online from Cars Direct. Cars Direct specializes in offering auto loans to students and those who have no credit or bad credit. You can get a free quote from the Cars Direct website.

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