Direct Student Loan program is the initiative of US Department of Education. Mainly referred to as the Federal Direct Loan Program (FDLP), the program offers financial aid and assistance to students willing to pursue their educational goals. The loans are offered to courses taken up after high school education. What are Direct Student Loan? The so called ‘Direct Loans’ are directly issued by the Department of Education to students satisfying the needs of grant provided they are in line with …

This is good news. How I was waiting for this! Any saving really matters to me. How about you? Don’t you think reduction in interest rates are surely going to help you get the best deal ever? The answer is yes. Student Loan Rates The best of deals come with very low interest rates. It is the rate of interest which decides the cost of borrowing; the lower it is the lesser will be your liability. Hence students normally tend …

The Free Application for Federal Student Aid (FAFSA) is a form that is filled out by college students on a yearly basis to evaluate their eligibility for federal student financial aid. This includes PLUS loans, Stafford loans and Pell grants. The majority of schools use details from the FAFSA to give approval for non-federal aid. Before Starting Gather all the documents you will need in order to fill out the form. It includes driving license, bank statement, social security number …

Federal School Loans These are study loans offered directly by the government or by way of guarantee on loans offered by private lenders to students for financing their educational needs. These loans are more beneficial than other alternative source of finance namely private loans. Types of Federal School Loans Federal School Loans are of two types namely Federal Family Education Loan (FFEL) program:These loans are offered by private lender institutions, guaranteed by guarantors and reinsured by the government. Following are …