Student Loans Available Directly from the Federal Government
by:
Michael SaundersFederal Direct Student Loans are available to assist those vocational, undergraduate, and graduate postsecondary students (or their parents) and allows them to borrow money directly from the Federal government. This is done so that these students or their parents do not have to take out loans through private or other commercial lenders that oftentimes have much higher interest rates or simply will not provide a loan.
There are different variations of a Federal Direct Student Loan available; these are dependent on whether or not the student is eligible for government assistance. Need based programs include the Stafford Loan and the Direct Subsidized Loan; while non-need based programs are the Direct PLUS program, and the Direct Unsubsidized Loan.
Federal Direct Student Loans are overseen by the Department of Education. In order to be eligible for Federal Direct Student Loans the student is required to be a United States citizen or an eligible non-citizen (this means those with a Alien Registration Card or those with a Arrival Departure Record with specific designations).
To qualify for Federal Direct Student Loans the student must be accepted or currently already enrolled in a degree or certificate program. The student has to be at least a half-time basis undergraduate, graduate, or professional student at a postsecondary that participates with Federal Direct Student Loans. Students are not allowed to owe a refund on another a Title IV grant, and cannot currently have a Title IV loan that is defaulted. The student will also have to get a certification of eligibility from their school.
(continued...)
Student Loans Available Directly from the Federal Government
Page 2
About The Author
The author edits a site featuring Education Grants and another Government Grants site providing info on every grant the federal government offers.
Michael Saunders has an MBA from the Stanford Graduate School of Business. |
Additional Government Grants Resources
Cancer Prevention, Control, Behavioral Sciences, and Population Sciences Career Development Award ProgramThe National Institutes of Health has recently form a partnership with the National Cancer Institute in an effort to establish the Cancer Prevention, Control, Behavioral Sciences, and Population Sciences Career Development Award Program.
Center for Disease Control and Prevention: Training for States on Winnable Battles
The purpose of the Training for States on Winnable Battles program is to enable the CDC to offer training, educational materials, and technical assistance to legislative executives and administrative branches of states.
Fundraising Planning - A Vital Key to Nonprofit SuccessAs a professional grant writer and consultant, I am often amazed at how few nonprofit organizations actually have a fund development plan beyond a vague idea of applying for a few grants and sending ...
Common Bean Productivity Research for Global Food Security Competitive Grants ProgramIn keeping with this mission, the National Institute of Food and Agriculture has recently established the Common Bean Productivity Research for Global Food Security Competitive Grants Program in an attempt to develop approaches and methods that can efficiently address the various challenges facing common bean (Phaseolus vulgaris) production among small holder producers in food insecure countries.
Harnessing Advanced Health Technologies to Drive Mental Health Improvement ProgramThe National Institutes of Health has collaborated with National Institute of Mental Health (NIMH) in order to constitute the establishment of the Harnessing Advanced Health Technologies to Drive Mental Health Improvement Program.
Department of Housing and Urban Development: Sustainable Construction in Indian Country Small Grant ProgramThe Sustainable Construction in Indian Country Small Grant Program is designed to solicit program proposals that contain one of more sets of "Lessons Learned" that will help inform the Native American communities, such as Indian Tribes, regarding the issues and concerns that need to be taken into consideration upon tackling sustainable construction projects in their community.
What Are Title IV Programs and How Can They Help You Pay for CollegeThe Title IV programs help college students save money and protects their rights, is a service provided by the government that is responsible for higher education to help prepare undergrads for the real job market after they graduate.