The photo and the text can be changed by modifying the about.php file.Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
02
Direct Student Loans
Posted under Student Loan Articles by mas1879Direct student loans are student loans that are provided directly to the student or the student’s parents from the government, without the use of a private lender. These loans can be used to pay for undergraduate, graduate and some types of vocational education.
The Stafford Loan and the PLUS loan are two types of direct student loans. The Stafford loan can either be subsidized or unsubsidized. The PLUS loans are for graduate students or for the parents of students. Direct consolidation loans are also available.
The Stafford subsidized loans are based on need and you must be at least a half-time student to qualify for this type of loan. Your interest and payments are deferred until six months after you leave school. The unsubsidized loan has interest charged on it from the time it is issued and it is not need based.
PLUS loans are to help graduate students and the parents of dependent students meet the needs of their college education and all of the above loans can be consolidated through a direct student loan program.
In order to apply for a direct student loan you must first fill out the Free Application for Federal Student Aid (FAFSA) form. This form is quite lengthy and I found it was best to complete it online. You do not have to fill it out all once. You can save it and finish it at another time. You will be asked to apply for a PIN number first and that PIN will remain with you throughout your college career. You will be required to sign a Master Promissory Note (MPN) before the loan will be disbursed. The MPN is a legally binding agreement that explains the terms of the loan.
The total of Stafford loan amounts that can be borrowed are as follows:
• $23,000 for a dependent undergraduate student
• $46,000 for an independent undergraduate student (no more than $23,000 may be subsidized)
• $138,500 for a graduate or professional student (no more than $65,000 may be subsidized; includes loans for undergraduate study)
The PLUS loan does not have a set limit. You can borrow up to the cost of your education, less any other assistance you have received.
Stafford loans being disbursed at the current time have a fixed interest rate of 6.8% and the Direct PLUS loan has a fixed rate of 7.9%
If you need financial aid, the direct student loans are going to be your best bet, but you may not be able to borrow enough to complete your education. There are other ways and other types of loans that can be gotten to cover the balance.
Add A Comment