Students often ask me about direct student loans, and what they are exactly. Direct student loans are federal education loans that are provided by the Department of Education, and are not to be confused with uncertified student loans, which are often characterized as direct-to-consumer loans. With the inception of the Student Aid and Fiscal Responsibility [...]
in Federal Student Loans,
by Jeff Bullock
Students sometimes have questions about the differences between federal and government student loans, when in reality they shouldn’t as they are both roughly the same thing. I say “roughly” because using the term government student loans can sometimes refer to both federal, and state student loans, and not simply the education loans that are provided [...]
Federal student loans include education loans that are provided via the Direct Loan Program by the Department of Education. The Federal Family Education Loan Program, or FFELP, has officially been discontinued by the federal government, and now all federal student loans will be funded “directly” by the Department of Education, without the need of any [...]
The Free Application for Federal Student Aid, or FAFSA, is the universal application for all types of federal student aid that you must complete and submit each year in order to become eligible for government financial assistance. The good news is that the FAFSA is relatively easy to fill out as long as you are [...]
Before you go ahead and haphazardly look for student loans without a cosigner you must first have an understanding that education loans can be divided into two camps. The first camp includes student loans that are provided directly by the federal government, and in particular the United States Department of Education. These education loans are [...]