I was looking for some information on direct student loans the other day, and all i could find was this little piece from Ceciloans.com. Short and sweet, and delivers info on the FFELP program as well.
If you ask your old professors about direct student loans you will find that many of them never had this financial backing when they were undergraduates. American students now have federal grants, various scholarships, student aid programs and registered education funds put away.
Students who desire a direct loan must endure the paper trail that goes with it. There are many different educational resources regarding student loans and student loan management. I would highly recommend learning about the Direct Loan Program which is a federal program that disburses funds to families and schools for student enrollment fees.
I would call the U.S. Government department of education regarding their direct loan servicing center. You can call their eight hundred toll free number @ 848 0979 for information on direct loans for students.
There are two types of loans for students. There is the subsidized loan or the unsubsidized loan. A subsidized loan involves the the federal government paying all interest while you are in school. The unsubsidized loan means a student has to pay for all interest that grows during their years in university.
The FFELP loan know as the Federal Family Education Loan Program involves guaranteed student aid from private financing companies that is insured by the federal authorities. There are a hand full of different FFELP types as well. There is the "Federal Stafford Loan", the "Federal Plus Loan", the "Federal Student Consolidation Loan Program and the Federal SLS Program.
Student Loan Stuff From You Tube
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