A few days ago
beauty02000

Have anyone heard of the William D. Ford Federal Direct Loan Program?

I’m thing about doing a loan since I know for a fact that I will not be able to have the amout for college by january by myslef. My uncle told me about this since he has done this loan himself.

The only part that got me was that they want you to do a fafsa. The last time I did this, I wasn’t able to recieve anything. When I called them they told me that one of my parents made too much. To me it shouldn’t matter if my parents made too much or too little, It’s me who going to college, no them.

Top 4 Answers
A few days ago
Andrea

Favorite Answer

Yes–one of my loans last year was from this program. I received it through my FAFSA, although as the person above me said, you should be able to get a loan without your parents’ information. Try asking about loans at your local banks and credit unions, because they usually offer financial aid to students in the area.

The reason your parents’ income matters is because, as a student, the government expects your parents to help you pay for college. If your parents make a lot, they expect some of that income to go towards your tuition, so they don’t give you as much financial aid. If your parents didn’t make very much, or if you were financially independent, they would probably give you more financial aid because you wouldn’t have your parents’ income to rely on.

Also remember that you can go to scholarship search websites like Fastweb.com and enter all your information, and they’ll look up scholarships and loans for you!

Best of luck!

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A few days ago
caba
Colleges and universities either use the FFELP (Federal Family Educational Loan Program) or the William D. Ford Federal Direct Loan Program. With FFELP schools, students are alble to choose whatever lender they wish to finance their Stafford Loan; with the Direct Loan Program the federal government is the lender. Both are part of the Stafford Loan Program.

If you are considered a Dependent student, then you must use your parent(s) information to complete the FAFSA (Free Application for Federal Student Aid). The FAFSA generates an EFC (Expected Family Contribution) that schools use to determine a student’s financial aid package.

It doesn’t matter what your parent’s make – if you are eligible for a student loan then you will receive it. It may be an Unsubsidized Stafford Loan (interest accrues as soon as the loan is disbursed) as opposed to a Stafford Loan (interest is deferred until six months after graduate or withdraw from school), though. More information regarding student loans can be found at www.finaid.org/loans.

You should talk to a financial aid officer at your school for more inforrmation. Good luck!

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A few days ago
Anonymous
If a lot of time has passed since you last applied for fafsa it could be you are finally considered independent and dint need parents income. 24 yrs old and up. However, you can get a federal loan no matter your parents income, and you don’t need a cosigner. Here is a good publication about fin aid and the loan info is in the back.

Good luck.

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A few days ago
dashelamet
I believe that the William D. Ford Federal Direct Loan Program is where the loans come from that you go through FAFSA to get.

I believe that you can apply on your own without your parent’s information.

Try this web site:

http://www.dl.ed.gov

I just checked the paperwork I used. Try THIS web site:

http://www.ed.gov/offices/OSFAP/DirectLoan/index.html

Good Luck!

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