Welcome to Student Loans Guide
Consolidate Federal Student Loans Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Direct Student Loans – A Helping Hand
from:Direct student loans, also known as direct loans, are monitored by the William D. Ford Federal Direct Loan Program. These direct student loans are designed to help students that have graduated from high school and are continuing their education in colleges, universities or trade schools. Direct student loans are part of the Federal Student Aid program of the Department of Education and are not offered through private lenders or companies. The loan agreement is between the student and the Department of Education, without any agencies in the middle.
Students that want to apply for direct student loans must complete a FAFSA or Free Application for Federal Student Aid over the internet and submit all required information and documentation. In addition each student will also have to complete a MPN or master promissory note. This is the document that is the legally binding contract between the student and the Department of Education with regards to how the loan will be repaid as well as the specific terms and conditions of direct student loans. There is additional information available through the Department of Education website that details and fully explains all the terms and legal clauses in the master promissory note.
To be eligible for direct student loans the school must be part of the direct loan program and the student must be enrolled at least part-time. Not all students will receive subsidized direct loans, some will be unsubsidized. Typically students with very few resources and with greater financial needs will qualified for subsidized loans, which means that no interest will be charged on the loan while the student is in school or during the grace period or any deferment time.
Students that are dependent, or have parents that are able to help pay for schooling are eligible for lower direct student loans than students that are considered independent. Independent students may be students that have families of their own to support, have no living parents to assist with educational funding or students that are otherwise without financial support. Graduate students can also apply for direct student loans under the same criteria as applying for a Stafford loan, with some of this total possible being subsidized. Typically graduate direct loans have a limit on the total amount of the loan that can be provided interest free during school, grace periods and deferments.
Direct student loans have a fixed interest rate that is set every July 1st. These loan rates have a cap however there is also a loan fee that can be up to 4% of each direct loan. This fee is used to offset the cost of the program for future students.
Consolidate Federal Student Loans Specific links
consolidate federal student loans Info
- Get Info on consolidate federal student loans from 14 search engines in 1.
-- http://www.search4.info.com/
Bad Credit Need Help?
- Good Bad or No Credit 99% approved. Debt Freedom in 5 minutes. We can help call today.
-- http://www.financeallonline.com/
Consolidate Federal Student Loans
- Looking for Consolidate Federal Student Loans?
-- http://www.shopica.org/
Student Loans - Resource Site
- Get the facts on student loans and find the best loan for you.
-- http://www.highyieldinvestmentstrategies.com/
Free Tech and Gadget Reviews!
- Watch GeekBrief With Cali Lewis on Mevio!
-- http://www.geekbrief.mevio.com/
Consolidate Federal Student Loans News
Federal student loans are largely available - San Antonio Express
 UTSA Today | Federal student loans are largely available San Antonio Express, TX - “There’s no reason to be concerned at all about the availability of federal student loans,” Executive Director Robert Shireman said. Federal Stafford loans ... UTSA changes federal financial aid application process |
Congress to bail out student loans - TCU Daily Skiff
Congress to bail out student loans TCU Daily Skiff, TX - A recent extension to legislation passed by Congress involving the buying out of federal student loans will not affect the daily life of a TCU student, ... |
Student-loan consolidation is not a sure thing - Chicago Tribune
Student-loan consolidation is not a sure thing Chicago Tribune, United States - Virtually no private lender will consolidate federal student loans anymore. But there is another option: You can consolidate your loans through the US ... |
More US Help for Student Loan Providers - Inside Higher Ed
More US Help for Student Loan Providers Inside Higher Ed, DC - ... not federal money) purchase student loans that were fully disbursed between October 2003 and July 2009 (only non-consolidated loans would qualify), ... |
Noah Education Announces First Quarter Fiscal 2009 Financial Results - MarketWatch
Noah Education Announces First Quarter Fiscal 2009 Financial Results MarketWatch - In addition to consolidated financial results under GAAP, the company also provides non-GAAP financial measures, including non-GAAP net income which ... |