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The program provides subsidized, unsubsidized, PLUS, Grad PLUS and consolidation loans to borrowers for educational purposes. All continuing borrowers (those that have student loans through the FFEL program) will be required to complete a new Master Promissory Note with the Department of Education.
All continuing borrowers (those that have student loans through the FFEL program) will be required to complete an entrance interview with the Department of Education.
Unfortunately, in order to be eligible for Public Service Loan Forgiveness on your Federal Direct student loans, you have to be enrolled in an eligible repayment plan and consistently making on-time payments.
Typically, consolidation is the best option of getting out of default quickly, as you’re able to move directly into an Income-Driven Repayment plan and can immediately start building credit towards Public Service Loan Forgiveness if you’re eligible.
If you have completed the FAFSA, forthcoming email notifications and the Blue & Gold Connection will provide you with all of the information needed to process your loans. Please refer to your lender for the administration of previous FFEL Stafford loans.
Paying for college places extraordinary financial burdens on families; especially in light of continually rising higher education costs.
If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated).
If you choose Nelnet to originate and service your Direct Consolidation Loan, you may request to add other eligible loans to it by completing the Request to Add Loans Form and send it to Nelnet via email Direct Loan [email protected], fax (402.858.3929), or mail to: Nelnet P.
Prior to Fall 2010, students at Texas A&M University-Kingsville with Federally guaranteed student loans were participating in the Federal Family Education Loan (FFELP) program. The Direct Loan program will take the place of the FFEL program previously used at Texas A&M University-Kingsville The fundamental difference between the two programs is the source of funding. FFEL loans are administered and disbursed by private banks and other types of lenders.
Beginning with the Fall 2010 terms, all student and parent borrowers will be required to participate in the Direct Loan program. Ford Direct Loan program (known as Direct Loans) was authorized and created by the Higher Education Act of 1965. Direct Loan funds are distributed directly from the U. We believe this change in access of loan funds will have a positive impact on our ability to serve our students and parents. All subsidized and unsubsidized student loans, PLUS and Grad PLUS loans for the Fall 2010 and beyond at Texas A&M University-Kingsville will be through the Direct Loan program.