My son is a college freshman.His financial aid ofice told us he is eligible for $2,400 for a fererally subsidized loan. We are told this means he does not have to pay back principal or interest until 6 months after graduation.Looking further, I learned that the loan is handled by an Institution called Direct Loan. I am confused because I though a federal subsidized loan was the same thing as Sallie Mae. I thought Sallie Mae handled all student loans through the Federal Government of the USA. However, I do not see a link between Direct Loans and Sallie Mae. Can somebody help me here?I have been studying financial aid for several years now. Not an expert by any means. I understand Pell Grants, Stafford Loans, and Private Loans. I though I understood Federal Government Loans, but I guess I need some help. Thanks.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra