When you yourself have a student that is federal, determine if it is a direct loan or Federal Family Education Loan (FFEL).
When you yourself have a student-based loan that has been given by or assured by the government that is federal your loan most likely falls into 1 of 2 categories: direct loans or indirect loans. Indirect loans will also be called Federal Family Education Loans (FFELs). Things will get perplexing, however, because various types 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 the huge difference between an immediate loan plus an indirect loan/FFEL loan….