A direct personal loan is easy, flexible and simple. A Direct student loan is by a company to a customer eliminating the use of a third party. This type of payday loans online direct lenders enables the provider to have better discretion in the allocation of lending products. Typically the provider is the United States Department of Education as opposed to a bank or loan company. The federal government offers 4 types of direct payday loan financing.

These direct lending options vary in criteria and reimbursement schedules:
- The Federal Direct Subsidized Stafford/Ford Loan is a direct student loan, which means you will not pay the interest on the easy payday loans when you are in school at least part-time. This specific type of Direct loan product is based on the student's financial need within accord with government regulations.
- The Federal Direct Unsubsidized Stafford/Ford Loan is a direct loan the US government bills you interest on while you are in college. The student does not have to be in extreme financial need to acquire this type of student loan.
- The Federal Direct PLUS loan product is a direct loan product designed for parents or guardians without a bad credit history who desire to borrow cash for their dependent undergraduate. To be able for a college student to be dependent he or she cannot be 24 years or older, a college graduate or professional student, somebody with legal dependents, an orphan or some sort of ward of the court. Parents or guardians of independent university students are never eligible to apply for this sort of loan product.
- The Federal Direct Consolidation personal loan is a combination of one or more federal financial products joined into a direct personal loan. A single payment is made to the US Department of Education. It is really to the individual's benefit to consolidate, as a result of lower rates of interest.
Direct lending options give you the simplicity of having one contact for concerns with your financial assistance. You are able to obtain accessibility to your Direct personal loan information on line round the clock, 7 days a week. You receive the flexibility to choose your settlement options and get the chance to alter your schedule as your needs change.