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Department of Education For Student Loans - Helping Everyone Graduate

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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. – PowerPoint PPT presentation

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Title: Department of Education For Student Loans - Helping Everyone Graduate


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Department of Education for Student Loans -
Helping Everyone Graduate
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  • 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.

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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