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

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

Tip Fusion

Student Loan Ideas

Federal Help First

Federal loans often offer borrowers reduced rates of interest and also 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 help internet site.

Direct Loans Entrance Counseling

All pupils loans that are receiving necessary to complete entrance counseling. Indication into studentaid gov/h/manage-loans making use of your PIN to gain access to your account and entrance counseling that is complete.

The Direct Lending Process

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

Simple tips to make an application for a Parent PLUS Loan:

Step (1) Direct PLUS Loan Application — Complete this application at studentaid gov/h/manage-loan to initiate the credit check.

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

Direct Consolidation Loan Application

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The greater Education Act (HEA) offers up that loan consolidation system under both the Federal Family Education Loan (FFEL) products as well as the Direct Loan Program. Under these programs, a debtor’s loans are paid down and an innovative new consolidation loan is established. These programs simplify loan payment by combining various kinds Federal education loans (that could have various terms and payment schedules or might have been created by different loan providers) into one loan that is new. Go to the studentaid gov/h/manage-loans to find out more.

Choosing Your Alternative/Private Lender

Recommended criteria that will help you and your household choose an alternative solution or lender that is private will most useful satisfy your specific requirements.

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

Private Loan Lender

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

Personal Loans — These loans are nonfederal loans, created by a loan provider such as for example a bank, credit union, state agency. etc. that really must be paid back with interest numerous while student is nevertheless at school.

The personal loan providers supplied are setup to facilitate efficient, electronic processing and disbursement of funds right to your pupil account. We offer this list as helpful information for you; nonetheless, you might be liberated to select another loan provider without penalty. (ODU will not discriminate against loan providers and certainly will approve loans from any lender that is private the pupil satisfies the financial institution’s eligibility demands.)

NSLD Central Database

The Central Database NSLDS scholar Access supplies a central, built-in view of Title IV loans and funds to ensure 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 Ideas? Post-Graduate Loan Repayment

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

Will help you research loan repayment options and choose the plan that will fit that is best your financial predicament.

Repayment: What To Anticipate

Manage Your Student Education Loans

Loans in standard

Require assistance with a defaulted education loan? You currently have more choices than ever before to assist repay your figuratively speaking. Look at the handling Your Defaulted Student Loan web page to find out more.

Provider Centers for Pupils

Fast guide list with use of figures and internet sites to Service Centers that can help the debtor manage 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 outside agency scholarships can be found to simply help fund your training.

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