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US Dept. of Education Direct Loan


Receiving a college education may be the single most important accomplishment that one may achieve in their entire life time.

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In this millennium, a college degree is the new high school diploma, and one great way to aid in achieving a college diploma is the US Dept. of Education Direct Loan. According to the National Center for Educational Statistics, between 1985 and 1995, the number of students enrolled in a degree-granting institution increased by 16 percent. From 1995 to 2005, the burgeoning enrollment rate rose a staggering 23 percent. More than likely, enrollment averages are going to be even higher yet in 2010.

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Attending college entails much more than university tuition costs. A whole litany of associated expenses accompanies the college experience.

Expenses potentially covered by a US Dept. of Education Direct Loan include:

• University or college tuition
• Housing expenses
• Dining expenses
• Academic lab costs
• Text books
• Miscellaneous school expenses
• Transportation assistance
• School supplies
• Student medical health coverage

Are you or a loved one planning to go to college? Collegiate and university tuition expenses are numerous as well as high. Studying and attending classes on a full-time basis will largely consume the majority of even the most disciplined student’s time. For most academically involved students, holding a full or part-time job as a student is quite difficult. The vast majority of students turn to grants, scholarships, and loans as viable alternatives to financing collegiate educations. As is the case with scholarships and grants, certain financial criteria or accomplishments will warrant the eligibility for these financial rewards. Many students do meet these academic, athletic, or financial standards, however, still wish to pursue their academic careers. For this reason, loans are seen as an economically feasible method of offsetting the immediate financial crush of a college education. Although the list of available loans may seem endless and overwhelming, one option clearly stands out above the rest: the US Dept. of Education Direct Loan.

The application for the US Dept. of Education Direct Loan is the Free Application for Student Aid, or the FAFSA, which the government uses to approve all student grants and loans. The form readily accessible and easily filled out online. In 2008, the Department of Education noted over the past ten years the cost of attending college has raised nearly $10,000. With college costs skyrocketing with annually increases of nearly $1,000, the Department of Education, in 2006, began offering a new complement of fixed interest rate loans. To facilitate the attractiveness of these loans, the federal government secures interest rates for the Department of Education loans much lower than those offered by other, private lending companies do. Prospective students and their parents can surmise an accurate estimate of potential loan amounts, and the varied interest rates, by using the handy, US Dept. of Education online loan calculator.

In addition to the low interest rate incentives, the direct loan offers four flexible repayment plans, which can span up to 25 years after graduation and an additional grace period. Education is a wise investment for any individual’s future and is increasingly becoming a necessity in the corporate working world. Utilizing the fiscal support of the federal government is an excellent method to allocate the funding necessary to back you or your child’s academic future. The small investment of time and research necessary to acquire direct loans from the US Dept. of Education will inevitably payoff exponentially in the years to come.

Interested in a US Dept. of Education Direct Loan?
Get information on US Dept. of Education Direct Loans today.