Federal Direct Loan Repayment Form: Fill & Download for Free

No.Because NO ONE who attends an elite Private US college like the eight in The Ivy Athletic League, MIT, Caltech, Stanford, etc. should ever graduate with much in student loan debt.Maybe $27,000 at most in student loans and those are easily obtained from the US Federal direct loan program at reasonable rates and repayment policies.However, if your Parents refuse to fill out the FAFSA and CSS Profile forms and refuse to pay towards your college education, then you are “Screwed” no matter where you attend college.All the best.

I was lucky in that I did not need any student loans when I was a college student (1969 - 1978 for undergraduate and graduate degrees). Indeed, back then college were Very affordable.My sons graduated college in 2013 and 2014 and Each of them had $25,000 in total student loans.If you can keep your Total student loans to earn a bachelors degree to $27,000 or less, then you Merely need to fill out the:FAFSA - Free Application for Federal Student Aid (FAFSA)and possibly the PROFILE forms: Apply for College Financial AidYou and All of your parents fill out sections of the FAFSA and the PROFILE online and indicate to which colleges you are applying. FAFSA is free and the PROFILE is a nominal cost per college. The results of the forms are sent to the colleges’ financial aid offices and they will then make offers to you for:merit scholarshipsgrants from college moneyPell grant from the Federal government (if you and your family are relatively poor)Federal Direct Loan ($5,500 $6,500 $7,500 and $7,500 max for each of four years)Your parents merely need to assist you in filling out the forms. Your parents do Not co-sign a Federal Direct loan with you. You merely go online and take a 30 minute informational “course” before you electronically sign for the Federal loans (first time only). You have to start making monthly repayments starting six months after you have completed attending college as at least a half-time student.If you need a student loan and are a US citizen or permanent resident then use the Federal Direct loan first and hopefully only.If you need a Private student loan to supplement your federal loan (not advisable), then you may very well need a co-signer.One son paid off the $25,000 in three years and the other is doing it over five years. You are required to pay off the Federal loans in ten years or sooner.All the best.

There are two parts to this question, and I will assume the question pertains only to earning a Bachelors degree or less (Associates Degree or Certificate):Yes, I believe that in the USA, the Federal Direct loan program which limits the total amount of the loan to $27,000 (normally) and has a reasonable interest rate and a portion of the loan is subsidized (no interest accrues until 6 months after you finish college at least half time). Accept loan as almost Any college bachelors degree will allow you to earn an annual salary of $30,000 or more, and with that, you should easily be able to repay the loan in 5 to 10 years. I typically recommend that prior to starting college you Plan on borrowing only HALF of what you expect to earn as a starting annual salary at That college in That major. That way, if bad things occur during college, then you have an excellent chance of keeping the total loan to no more than what you would earn annually in a starting salary,I do Not know of any Non-Profit college in the USA that actually Loans money to students. Many will recommend some specific private loans from banks (or other agencies) and recommend the Federal Direct loan. But I know of none that actually loan money. They usually Give financial aid in the form of Aid (for need) or scholarship (for merit or athletics).I would look VERY closely at the terms on any loan that a college actually wants to loan to you……..