Federal direct student loans, also known as the William D. Ford Direct Student Loan program is intended to provide direct funding to the students borrowers and parents. So basically with this student loan program, government loans can be had without going through commercial banks, private lending companies and other financial institutions.
As will other loan programs, the federal direct student loans has their own criteria and requirements in order for a student to avail of its funding one of which is the credit rating criteria especially for those non-need based loan programs. What's great about the William D Ford Direct Student Loan program is that they have professional customer service agents that are ready to enlighten any prospective borrowers about any matter that might be unclear to them.
This is perhaps one of the best ways to know more about the federal direct student loans as you are already talking to someone who belongs to the organization itself. Of course, you can also make some research online, but the sources are incredibly aplenty and you are left to yourself on discerning which facts are truthful and which are not.
The government Stafford student loans via William D. Ford Federal Direct Loan Program are offered to a lot of college students. And since the federal direct student loans are given by a US agency, student need not go through a middle man such as a bank or private lender.
Likewise, as with the case of other federal loans, one important requirement of direct federal student loans is the completion of FAFSA by the prospective student borrower. Accomplishing the FAFSA will help in determining the eligibility of the student borrower for either subsidized or unsubsidized student loans. And with federal direct student loans, the repayment starts in six months after the borrower ceases his half time status which is normally 6 credit hours, the minimum that the student must be enrolled in.
If you are greatly interested in reading more articles and discussions about student loans, do visit our http://fussaboutloans.com blog.
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