Array

William D Ford Direct Student Loan Program – The Down and Dirty Truth on the Student Aid Hot Topic

Must Read

A guide to Internet Marketing

The internet is a rapidly growing medium which has also become one of the most successful avenues of making...

Reduce Student Loan – Overview

At the present moment, sending ones children to college or university may present a major financial challenge for you....

Monday: Defining Personas

Assembling a comprehensive keyword list is one of the most important tasks in creating successful PPC campaigns. Your objective...

3 Most Expensive Home Refinance Mistakes

Refinancing your home can give you extra cash to make home improvements, pay bills, etc. A home refinance can...

Low Interest Debt Consolidation Loans – Getting a Low Rate

Low interest debt consolidation loans can help you pay off your debt sooner. For the lowest rates use your...

Christian Debt Consolidation Loans

Prior to the 20th century debt was looked upon as evil and only used by people with poor character....
Admin
test

The William D. Ford Federal Direct Student Loan Program, also referred to as Direct Loan Program, is a federal program offered by the US Department of Education that provides loans to student without the help of an intermediary institution.This means that the loan comes directly from the Federal Government, which is why it is called a direct loan program.This federally backed program has helped more than 5 million students pay for college since it was founded in 1994. It gives students and schools an alternative to traditional guaranteed student loans and it adds some healthy competition into the student loan marketplace.What You Get With The William D Ford Direct Student Loan Program These loan programs are some of the most sought after loans because of their flexibility and low interest rates.You are limited to maximum loan for dependent undergraduates of $2,625 for entering freshman, $3,500 for sophomores, and $5,500 for juniors and seniors. So these loans will not take care of all expenses but they will still help considerably.And as far as rates go the direct student loans have a fixed interest rate that is published set every July 1st. It is usually a low rate, but because it changes each year you will have to check to see what the current rate is. And it is also important to note that there is a loan fee that can be up to 4% of each direct loan.But the real exciting part of the loan is its repayment flexibility. Most people do not land in the dream job right out of college so it is good to know that you have some payment options and this program fits the bill.If you are unable to pay off the loan amount in time and you want to defer the payment, then there are number of provision for you to do so.Getting Your Hands On All Of The College Funding Options Available To You

Latest News

Digital Marketing for Beginners

Digital marketing for starter, Let to basic learning about connecting with your audience in the right place at the...

What are 7 things poor people do that the rich don’t?

1. poor people watch TV in which people read books how many hours you spend in front of the TV and when was the...

Top 18 best small business ideas for beginners starting

A small business can be frightening and requires plenty of careful planning there are many small business ideas which can be beneficial as well...

Summer that makes you happy

We saw were already here I've been thinking about some of the things. I used to do with my husband even though he had...

4 Point to helpful tips specifically for caregivers

What you need to take a vacation. I know it sounds impossible creative and try to make it work for you almost everyone needs...

More Articles Like This