Old Dominion University Will you’ll need a loan? If therefore, think federal help first!

Old Dominion University Will you’ll need a loan? If therefore, think federal help first!

Tip Fusion

Student Loan Ideas

Federal Help First

Federal loans frequently provide borrowers reduced interest levels and possess more repayment that is flexible than loans from banking institutions or other personal sources.

Electronic Loan Agreement

Sign your Electronic Master Promissory note on-line throught the Federal scholar Aid web site.

Direct Loans Entrance Counseling

All pupils loans that are receiving necessary to finish entrance hop over to here guidance. Indication into studentaid gov/h/manage-loans with your PIN to get into your account and complete entry counseling.

The Direct Lending Process

The Direct Lending process page will explain just how lending works.

Just how to submit an application for a Parent PLUS Loan:

Action (1) Direct PLUS Loan Application – Complete this application at studentaid gov/h/manage-loan to start the credit check.

Action (2) PLUS information Sheet – Complete this form and submit it to scholar school funding Office for processing.

Direct Consolidation Loan Application

The larger Education Act (HEA) offers up that loan consolidation system under both the Federal Family Education Loan (FFEL) products additionally the Direct Loan Program. Under these programs, a debtor’s loans are repaid and an innovative new consolidation loan is done. These programs simplify loan payment by combining various kinds Federal education loans (that will have various terms and payment schedules or might have been produced by different loan providers) into one brand new loan. Look at the studentaid gov/h/manage-loans to find out more.

Selecting Your Alternative/Private Lender

Recommended requirements to assist you as well as your household choose an alternative solution or lender that is private will most useful fulfill your specific requirements.

Note: utilize all federal loans granted before you apply for private/alternative loan.

Private Loan Lender

See this listing of frequently employed private loan loan providers. Before you make an application for a personal loan, first exhaust your eligibility for Federal loans.

Personal Loans – These loans are nonfederal loans, produced by a loan provider such as for instance a bank, credit union, state agency. etc. that really must be paid back with interest numerous while student is nevertheless in college.

The personal loan providers supplied are setup to facilitate efficient, electronic processing and disbursement of funds straight to your pupil account. This list is provided by us as helpful tips to you personally; nevertheless, you might be liberated to select another loan provider without penalty. (ODU will not discriminate against loan providers and can approve loans from any lender that is private the pupil fulfills the lending company’s eligibility needs.)

NSLD Central Database

The Central Database NSLDS scholar Access provides a central, built-in view of Title IV loans and funds making sure that recipients of Title IV help have access to and ask about their Title IV loans and/or give information.

Simple tips to Access Your Federal Funding Suggestions? Post-Graduate Loan Repayment

Graduating is a huge success, and a tremendously exciting time. Nonetheless, during graduation time, pupils whom utilized loans must begin contemplating payment

will allow you to research loan repayment choices and choose the plan which will most readily useful fit your financial predicament.

Repayment: What To Anticipate

Manage Your Figuratively Speaking

Loans in standard

Require assistance with a defaulted education loan? You will have more choices than in the past to greatly help repay your figuratively speaking. Look at the Addressing Your Defaulted Student Loan web web page to find out more.

Service Centers for Pupils

Fast guide list with use of figures and internet sites to Service Centers that can help the debtor handle their student education loans.

Contact

  • Student Financial Aid
  • 2002 Rollins Hall
  • 1 Old Dominion University
  • Norfolk, VA 23529
  • 757-683-3683 (workplace)
  • 757-683-5920 (fax)
  • finaid@odu.edu

Scholarships

Numerous scholarships, including merit-based, yearly and endowed, and agency that is outside can be found to greatly help fund your education.