Direct Loan schedule - What Does That Mean?

Direct Gov Student Loan - Direct Loan schedule - What Does That Mean?

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Direct Loan is true to its name and self explanatory. It is a agenda in which the government loans money directly to students rather than using a third party bank or other lending custom to process and make the loan. The direct loan agenda has been in work on for about 15 years now.

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Direct Gov Student Loan

The opposite of a direct loan is a Federal family schooling Loan (Feel). Both direct loan programs and Feel programs make Plus and Stafford loans available. There are other similarities between what each agenda offers. The borrower has to determine which type of agenda he wants.

Since both offer the same types of loans the same requirements must be met. If it a loan offered based on a person's credit scores then both direct and Feel programs will have the same requirements. The same is true if the loan is based on a family's income. Both programs will have to ensue the same requirement guidelines in contribution the loan. With so many similarities how does one choose?

Well there are some differences to consider. One is in customer service. When you involve a third party that is in enterprise to make money usually you get more of a personal touch. Also, because the lender will make no money if they are not able to increase you credit they will work harder to get you approved for the loan. Government agencies are usually not as personal or as accommodating.

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