For those who have a federal education loan, determine if it is a direct loan or Federal Family Education Loan (FFEL).
When you have an educatonal loan that has been given by or fully guaranteed by the authorities, your loan most likely falls into 1 of 2 groups: direct loans or indirect loans. Indirect loans will also be called Federal Family Education Loans (FFELs). Things will get perplexing, however, because various kinds of loans—such as Stafford or PLUS loans—can be either an immediate loan or a loan that is indirect.
Continue reading to get out of the distinction between a primary loan as well as an indirect loan/FFEL loan. Weiterlesen