{"id":588,"date":"2023-10-26T06:45:20","date_gmt":"2023-10-26T06:45:20","guid":{"rendered":"https:\/\/nammatech.com\/?p=588"},"modified":"2023-10-26T06:45:20","modified_gmt":"2023-10-26T06:45:20","slug":"student-loan-is-federal-or-private","status":"publish","type":"post","link":"https:\/\/nammatech.com\/student-loan-is-federal-or-private\/","title":{"rendered":"How to Know my Student loan is Federal or Private?"},"content":{"rendered":"\n
Federal loans are the loans that the government funds and gives to the people who qualify for them. These loans are given to the applicants who fulfill the requirements. There are numerous types of federal student loans and before applying make sure that you check the eligibility list of all of them. Let\u2019s see some of the Federal student loans<\/p>\n\n\n\n
Direct Subsidized Loans:<\/strong> This loan is usually given to all those applicants who are undergraduates and want funds for their studies. A candidate has to express his\/her need for the loan. In this type of loan, no credit check is done. The government even subsidizes the interest period in some cases.<\/p>\n\n\n\n Direct Unsubsidized Loans:<\/strong> This loan is meant for candidates that are undergraduate or graduate. For this loan, an applicant need not have to tell about his desire for the loan. The interest on this loan begins as soon as the amount is transferred to the bank account of the candidate. However, a candidate can choose to non-payment of interest till he\/she drops down the half-time enrollment.<\/p>\n\n\n\n Grad PLUS Loans: For the PLUS loan, an applicant does not have to show the requirement of the loan and interest also begins with the disbursement of the loan. This loan is given basically to professional and graduate candidates. <\/p>\n\n\n\n Parent PLUS Loans:<\/strong> The loan is for parents who want assistance in their child’s under graduation studies. A credit check is obligatory for these loans.<\/p>\n\n\n\nHow do I know if my student loans are federal?<\/h2>\n\n\n\n