Our Education Loan For Students are designed to suit diverse needs of students who wish to pursue higher studies in India & abroad. We provide 100% education finance.
2. With the costs of higher education skyrocketing, many students
are turning to Department of Education Student Loans to help
finance their college costs. The Department of Education has a
variety of loans available for students wishing to pursue their
college education.
3. Three types of loans available from the DE are Direct Loans, Stafford
Loans, and PLUS Loans for Graduate and Professional Degree
Students. The number of loans available under the Department of
Education Student Loans program is large, so it is in your interest to
find out about all other types of federal student loans via the
Internet.
4. The Department of Education Loan For Students is low-interest
available for students and their parents to assist in paying for the
student's cost of higher education. It is made directly with the
Department of Education, instead of a bank or other type of
financial institution. A major advantage of these types is that you
have a single contact for all issues, even if you switch schools.
5. Under the program, there are four types available. The first is the
Direct Subsidized (DSL), for students demonstrating financial
need according to federal regulations. The DSL is interest free
during the student's school attendance of at least part time,
grace periods and deferment periods. The Direct Unsubsidized
(DUL) differs greatly with the DSL, in that it is not based on
financial need and interest is always being charged on it (even
while student is in school). The Direct PLUS (DPL) are special
ones made to the parents of dependent students, as well as for
graduate or professional students. Interest is also charged during
all periods in a DPL. The fourth type is under the Direct program
is the Direct Consolidation (DCL) which allows you to combine all
your eligible federal government student borrowings into one
single application. The eligibility requirements for each loan
differ, so it is best to be informed about the various types of loans
available and their specific interest and loan payment terms.
6. Department of Education Student Loans, known as the Stafford
Loans, are one of the most common and low-cost methods of
paying for learning at an institution of higher learning. These
federal loans are fixed-rate loans for undergraduate and graduate
students attending college at least on a part-time basis. For
undergraduate students, the Stafford Loans offer a fixed-interest
rate of 5.60% and the loan can be used to pay for tuition and
other related school expenses. The maximum amount that a
graduate student, in school at least part-time, can borrow under
Stafford Loans is $20,500.
7. The PLUS Loans for Graduate and Professional Degree Students
(Grad PLUS) is a low fixed-interest loan that is guaranteed by the
federal government. The interest rate is 8.5% and is deferred if
you are in school at least part-time. A co-signer is not required
and the interest on the loan is tax-deductible. While this type of
loan is not based on income level, borrowers are required to pass
a credit check.
