Which Loans Are Better Subsidized Or Unsubsidized – Understanding the Subsidized & Unsubsidized Federal Direct Student loans & Parent Plus Loans
Which Loans Are Better Subsidized Or Unsubsidized – 3 Essential Tips For Finding The Best Company
This video is about the Subsidized & Unsubsidized Federal Direct Student loans and the Federal Parent Plus Loans. We discuss the Subsidized and Unsubsidized Federal Student loans from completing the Fafsa form. We also go into detail about the Parent Plus Loan. All to help you understand the process and help pay for the college cost. We discuss where to complete the paperwork on studentloans.gov and what forms you need to complete like the master promissory note and the Entrance Counseling paper work on studentloans.gov to get the $5,500 federal student direct Subsidized & Unsubsidized Federal Direct Student loans. Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. A PLUS Loan is a student loan, which is part of the Federal Direct Student Loan Program, offered to parents of students enrolled at least half time, or graduate and professional students, at participating and eligible post-secondary institutions.The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans. (Some people refer to these loans as Stafford Loans or Direct Stafford Loans.) To receive either type of loan, you must be enrolled at least half-time at a school that participates in the Direct Loan Program. Generally, you must also be enrolled in a program that leads to a degree or certificate awarded by the school. Direct Subsidized Loans are available only to undergraduate students who have financial need. Direct Unsubsidized Loans are available to both undergraduates and graduate or professional degree students. You are not required to show financial need to receive a Direct Unsubsidized Loan.
Other videos to check out here:
Understanding the 3 types of student loans to help pay for college
Understanding the College Bill & how to reduce it. Plus what happens if you don’t pay it…
529 Plans VS Student Loans VS Payment Plans, what is the right choice?
Take Gap Year leap or head off to College?
Online resources mentioned in the video:
Plus Loan & Master Promissory Note & Entrance Forms
Principia Prep has been around for almost 20 years helping families with the college process both admissions and financial aid.
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