Federal direct loans contact phone number

 

federal direct loans contact phone number

A potential borrower ­ MUST first file and receive a response from a FAFSA. Once the FAFSA is finalized, an applicant can apply for a William D. Ford Federal Direct Loan through the office of Student Financial Services by completing a Loan Origination Request Form.

A counseling session and the completion of a Direct Loan Entrance Counseling are required for First-time borrowers.  It is also highly recommended for continuing student to complete a Financial Awareness Counseling.

In addition, once the loan is approved, a promissory note MUST be signed by the borrower in order to have the loan disbursed.
 

You must meet all eligibility requirements for Federal Financial Aid.   In addition, you must demonstrate financial need for the loan. Financial need is demonstrated when your EFC, plus the loan amount, plus any other financial aid you are receiving adds up to less than your cost of attendance.
 

The Direct Loan Entrance / Financial Awareness Counseling can be completed on the internet at WWW.STUDENTLOANS.GOV . 
A Student loan Ombudsman office is available for assistance with loan problems at 1-877-557-2575 or http://ombudsman.ed.gov
 

Federal direct loans contact phone number

There are two types of Federal Direct Loans.  The subsidized loan is based on financial need; the federal government pays the interest on the loan while the student is enrolled at least half-time and during periods of deferment.  The unsubsidized loan is not need based; the student is responsible for paying the interest that accrues during periods of enrollment and/or deferment.  Students may choose to pay the interest as it accrues or to allow the interest to capitalize.  Students may have eligibility for subsidized and/or unsubsidized Direct Loans.

A potential borrower ­ MUST first file and receive a response from a FAFSA. Once the FAFSA is finalized, an applicant can apply for a William D. Ford Federal Direct Loan through the office of Student Financial Services by completing a Loan Origination Request Form.

A counseling session and the completion of a Direct Loan Entrance Counseling are required for First-time borrowers.  It is also highly recommended for continuing student to complete a Financial Awareness Counseling.

In addition, once the loan is approved, a promissory note MUST be signed by the borrower in order to have the loan disbursed.
 

You must meet all eligibility requirements for Federal Financial Aid.   In addition, you must demonstrate financial need for the loan. Financial need is demonstrated when your EFC, plus the loan amount, plus any other financial aid you are receiving adds up to less than your cost of attendance.
 

The Direct Loan Entrance / Financial Awareness Counseling can be completed on the internet at WWW.STUDENTLOANS.GOV . 
A Student loan Ombudsman office is available for assistance with loan problems at 1-877-557-2575 or http://ombudsman.ed.gov