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Student Loans, Federal Student Loans
by Eddie Tobey
Federal student loans are provided to students to finance their higher education. They are broadly classified into two - federal student loans given to students directly and federal student loans given to parents. The terms and conditions for these loans vary and the amount granted changes as per federal policies. Federal student loans, also known as Stafford loans, are given directly to students. They are intended for college students who need financial support. They are further classified as either Federal Family Education Loan Program (FFELP) or Federal Direct Student Loan Program (FDSLP) loans. Private lenders provide FFELP and these loans are guaranteed by the federal government. The US government provides FDSLP.
Federal student loans made to students directly are either subsidized or unsubsidized depending on the financial position of the student. The main difference between these loans is that in subsidized the interest is paid by the government. On completion, the student needs to repay only the loan amount. In unsubsidized loans, the loan interest is accumulated with the principal amount and the student has to pay the entire amount after graduation. Both of these loans are insured by the US Department of Education and are given either directly or through agencies such as banks or other financial providers. They have grace periods and need to be paid only after graduation. On the other side, the federal student loans for parents are meant to assist the parents in the payment of various course fees. This type of loan is often referred to as PLUS (Parent Loans for Undergraduate Students) loans. Here, parents are responsible for the repayment of the loan and there is no grace period. PLUS loans are provided by private lenders as well as by the government.
Student Loans provides detailed information on Student Loans, Federal Student Loans, College Student Loans, Private Student Loans and more. For more information go to http://www.z-StudentLoans.com and/or visit its affiliated site at http://www.i-SchoolLoans.com for related information.
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Student Loans, Student Loans by Dave Lympany Approximately 754 Words
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Student Loans, The Four Types Of Federal Student Loan Consolidation by Ricky Lim Approximately 413 Words
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Student Loans, How Does Student Loan Consolidation Work? by Ricky Lim Approximately 473 Words
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Student Loans, College Student Loans by Eddie Tobey Approximately 354 Words
You may want to try these websites for additional information
http://www.studentloans.com/
http://www.nslds.ed.gov/
http://www.studentloanxpress.com/
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!
Federal student loans are provided to students to finance their higher education. They are broadly classified into two - federal student loans given to students directly and federal student loans given to parents. The terms and conditions for these loans vary and the amount granted changes as per federal policies. Federal student loans, also known as Stafford loans, are given directly to students. They are intended for college students who need financial support. They are further classified as either Federal Family Education Loan Program (FFELP) or Federal Direct Student Loan Program (FDSLP) loans. Private lenders provide FFELP and these loans are guaranteed by the federal government. The US government provides FDSLP.
Federal student loans made to students directly are either subsidized or unsubsidized depending on the financial position of the student. The main difference between these loans is that in subsidized the interest is paid by the government. On completion, the student needs to repay only the loan amount. In unsubsidized loans, the loan interest is accumulated with the principal amount and the student has to pay the entire amount after graduation. Both of these loans are insured by the US Department of Education and are given either directly or through agencies such as banks or other financial providers. They have grace periods and need to be paid only after graduation. On the other side, the federal student loans for parents are meant to assist the parents in the payment of various course fees. This type of loan is often referred to as PLUS (Parent Loans for Undergraduate Students) loans. Here, parents are responsible for the repayment of the loan and there is no grace period. PLUS loans are provided by private lenders as well as by the government.
Student Loans provides detailed information on Student Loans, Federal Student Loans, College Student Loans, Private Student Loans and more. For more information go to http://www.z-StudentLoans.com and/or visit its affiliated site at http://www.i-SchoolLoans.com for related information.
These articles on lifestyle and more
This article is available for syndication. It must be republished with its title, text, and hyperlinks in tact (HYPERLINKS MUST BE KEPT ACTIVE). student loans
Return to the selection of student loans
You may want to try these articles on student loans
Student Loans, Student Loans by Dave Lympany Approximately 754 Words
Student Loans, 4 Steps To Make The Most Of Your Student Loans by Brad Stroh Approximately 690 Words
Student Loans, The Four Types Of Federal Student Loan Consolidation by Ricky Lim Approximately 413 Words
Student Loans, An Introduction To Student Loans by Eddie Tobey Approximately 340 Words
Student Loans, How Does Student Loan Consolidation Work? by Ricky Lim Approximately 473 Words
Student Loans, Private Student Loans by Eddie Tobey Approximately 379 Words
Student Loans, College Student Loans by Eddie Tobey Approximately 354 Words
You may want to try these websites for additional information
http://www.studentloans.com/
http://www.nslds.ed.gov/
http://www.studentloanxpress.com/
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!