Direct student loans are federal government loans provided through the William D. Ford Federal Direct Loan Program. These types of loans are designed to help students who have graduated from the high school and are continuing their education in colleges, universities or trade schools.Direct student loans are part of the federal student aid programs administered [...]
The student loan industry faces many challenges. Lately, Federal subsidies have been cut back. This means that companies offering Federal student loans are no longer seeing a profit. Administering Federal student loans is no longer a viable option for most banks and other institutions. If they can only lose money by offering Federal student loans, [...]
Once the acceptance letter from a post-secondary school arrives, the real work of determining how to meet the financial obligations to the school and the financial needs of the student begins. Many students look to student aid for that help. Before looking at private lending institutions, each student should complete a FAFSA (Free Application for [...]
Cosigners are often beneficial when asking for a loan. This is just as true when it comes to student loans. Having a cosigner for a student loan can make the difference between being approved for the loan and being denied. However, many students wonder when they need a cosigner – for example, do they need [...]
There are a number of student loans and can be categorized into two main types: Federal Student Loans and Private Student Loans. The Federal student loans are disbursed through the US Department of Education’s Federal Student Aid programs, and are the easiest to obtain. The private student loans are obtained from standard lending institutions and [...]
