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Federal Direct Student Loans Article
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Information on the Different Types of Student Loans
from:There are a number of different student loans that you can choose from, and it is really important to learn as much about each and every one as you can, so that you can make the best possible decision in regards to what types of student loans would be best for you.
Types of Student Loans
One of the most major types of student loans are the Federal Stafford Loans, which are awarded based on financial need and are regulated by the federal government. They can be obtained in several different ways, for instance from the bank, credit union, or directly from the government. You can choose from the subsidized Federal Stafford Loan, which is long-term and need-based, the unsubsidized Stafford Loan, which is long-term, need-based, and has a low-interest rate, and the additional unsubsidized Stafford Loan, which are loans that are reserved for those borrowers who are classified as being independent students, as determined by particular Federal guidelines.
Another of the most popular types of student loans are the Federal Plus Loans, which are available to parents who have children that are attending college as either full or half-time undergraduate students. Furthermore, they are awarded based on the applicant's credit history and the specific cost of attendance, and although the interest rate is relatively loan on these particular types of loans, repayment usually begins much sooner than with other loans, typically within 60-90 days after the full disbursement of the loan.
Yet another of the optional types of student loans are the Federal Perkins Loans, and these are loans which are awarded to students based on their financial need, and are typically then only awarded if the student is in extreme financial need. These types of student loans also generally have very low-interest rates, and the total funds available to be dispersed for these loans is limited, however at the same time it should be known that this means that the amount of the loan will most likely be relatively low.
Choosing From the Different Types of Student Loans
When it comes to you actually deciding on one of the optional student loans, there are several issues that you are going to have to consider, and the first and most important is whether or not you are actually eligible for the specific loan that you are interested in getting. This means that you have to apply for the loan in order to see whether you are eligible or not, and if so, then you can continue on with the process.
Loans can be a great help to students who wish to pursue a postsecondary education, however they can also be the cause of great detriment if you find out afterwards that you are not able to pay them back.
Federal Direct Student Loans News
Grassley rails against 'immorality' of student loan interest rate - Mason City Globe Gazette
Grassley rails against 'immorality' of student loan interest rate Mason City Globe Gazette “The other thing is the immorality of charging college students a profit on their direct student loans from the federal government to use it for health care,” Grassley said. The goal should be keep the cost of education as affordable as possible. |
Audit findings lead to stricter attendance policy - The Oracle
Audit findings lead to stricter attendance policy The Oracle Because of the lack of stringent attendance policies, $590 was in question at USF— $534 from the federal Pell Grant program and $56 from federal Direct Student Loans, which was all paid back to the federal agencies to which it belonged. |
Romney's Higher Ed Platform - Inside Higher Ed
 Inside Higher Ed | Romney's Higher Ed Platform Inside Higher Ed WASHINGTON -- The presumptive presidential Republican nominee Mitt Romney pledged Wednesday that, if elected, he would reshape or do away with two major Obama administration higher education policy initiatives: the overhaul of the federal student loan ... Romney Considering Big School Choice Expansion |
Romney Proposes Return to Bush Education Policy - The Nation.
 The Nation. | Romney Proposes Return to Bush Education Policy The Nation. On higher education student loans Romney proposes to revive Bush's legacy of wasteful crony capitalism by replacing efficient federal loans with expensive, inefficient and burdensome private loans. Rhetorically Romney is framing education, as Bush did, ... |
Student Loans And How They Will Affect Your Credit - San Francisco Chronicle
Student Loans And How They Will Affect Your Credit San Francisco Chronicle For federal loans, the Federal Direct Student Loan Program allows you to consolidate most federal loans. In the case of private loans, you can apply for a loan and use it to pay off multiple private loans, so as to consolidate the amount and roll ... How I'm Repaying $120000 in Student Loans |