The interest rate for federal
direct student loans for undergraduates disbursed in the 2015 - 16 academic year was 4.29 percent.
Perkins Loan Formerly the
National Direct Student Loan Program, the Perkins Loan allows students to borrow up to $ 3,000 / year (5 year max) for undergraduate school and $ 5,000 / year for graduate school (6 year max).
While they don't
offer direct student loans in or outside of Texas, Brazos does offer student loan refinancing, and according to their website they've been part of financing over two million loans in that time.
For more information and suggestions, call 1-202-478-6119 or write to National
Direct Student Loan Coalition, Inc., 2120 L Street, NW, 6th Floor, Washington, DC 20037.
The Public Service Loan Forgiveness program was developed to reward public service employees by forgiving the remaining balance on
qualifying direct student loans for full - time employees.
Unlike private student loans, federal
direct student loans don't require credit history or a co-signer, and they have more repayment options and protections to prevent default.
With budget talks with Congressional leaders at a standstill, administration officials
highlighted direct student loans and education spending last week in the first of several planned news briefings to outline President Clinton's negotiating positions.
Those colleges and universities will take that information and start going to work on putting together a comprehensive financial aid package for you that includes need - based and merit - based awards, a work - study component, and usually a federal
direct student loan option.
Direct Student Loan A loan with a program of reimbursement six to nine months after the student has finished school.
Federal
direct student loans impose an origination fee of 1.072 % of the loan amount for loans that have a first disbursement made between December 1, 2013 and October 1, 2014; the origination fee for PLUS loans made between the same period is 4.288 %.
Funding for medical assistant training at approved vocational training institution or community college is readily available through low interest educational loans, federal
direct student loans from the U.S. Department of Education for those who qualify.
The National Defense Student Loan Discharge (NDSLD) program is aimed towards military personnel who accessed a loan through the Perkin Loan or a National
Direct Student Loans programs and who served at least one year in an area with imminent danger and / or direct fire.
But on the side, unlike its competitors, CommonBond has been
offering direct student loans to MBA students at a select group of schools, including Dartmouth and Yale.
Perkins Loans (formerly called
National Direct Student Loans, and before that National Defense Student Loans) are low - interest loans for both undergraduate and graduate students with exceptional financial need.
The Public Service Loan Forgiveness (PSLF) program forgives the remaining portion of your qualifying
federal direct student loans after 120 qualifying payments under a qualifying repayment plan while working for a qualifying employer.
While it can be helpful to be able to have your parents borrow on your behalf, keep in mind that interest rates on PLUS loans are higher than on subsidized and unsubsidized federal
direct student loans, and also carry a one - time loan fee of nearly 4.3 percent.
If you need more than the limit for
Direct student loans, you can apply for a Direct PLUS loan.
Nearly 20 percent — about $ 1 of every $ 5 — of outstanding federal
direct student loans is past due, according to a report from the National Consumer Law Center.
More than half of the $ 1.2 trillion in student loan debt is made up of subsidized and unsubsidized federal
Direct student loans.
Starting today, all borrowers with federal
Direct student loans have access to a new repayment plan with monthly payments limited to 10 % of your discretionary income.
The House Budget Committee last week approved a budget and tax bill that would create
a direct student loan program.
WASHINGTON — President Clinton's proposals for a national - service program and
direct student loans will run into some bumpy stretches of road on their journeys through Congress, observers predicted last week as the legislation was introduced in the House and Senate.
But then, I would be happy if they would simply figure out that Stafford Loans have been eliminated in favor of the Federal
Direct Student Loan program...
Unsubsidized
direct student loans are one of the options borrowers have to support their college education.
Currently, subsidized Federal
Direct Student Loans are made at 3.4 %.
In addition, the Perkins loan program is probably going to become a part of the federal
direct student loan program and lose a lot of the benefits that currently distinguish it from other student loan programs.
As we've mentioned before, consolidating student loans through
the Direct Student Loan Consolidation Program can be the right choice if you don't have a great credit score and you're in an uncertain financial situation.
Apply to refinance private education loans, parent PLUS loans, Stafford loans, and subsidized and unsubsidized
direct student loans (but not Perkins loans)
Federal
Direct Student Loan Program (FDSLP) Similar to the Federal Family Education Loan Program (FFELP).
Today we'll talk about the differences between the terms «Subsidized» and «Unsubsidized» when it comes to the Federal
Direct Student Loan Program.