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

October 11, 2021

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

Tip Fusion

Student Loan Information

Federal Help First

Federal loans often provide borrowers reduced rates of interest and have now more repayment that is flexible than loans from banking institutions or any 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 getting loans are expected to finish entrance guidance. Indication New Mexico loan title into studentaid gov/h/manage-loans using your PIN to gain access to your bank account and entrance counseling that is complete.

The Direct Lending Process

The Lending that is direct process will explain exactly how lending works.

<h2pParent PLUS Loan

How exactly to make 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 workplace 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) tools in addition to Direct Loan Program. Under these programs, a debtor’s loans are reduced and a fresh consolidation loan is done. These programs simplify loan payment by combining various kinds Federal education loans (which could have various terms and repayment schedules or might have been created by various loan providers) into one loan that is new. Look at the studentaid gov/h/manage-loans to find out more.

Choosing Your Alternative/Private Lender

Recommended requirements to assist you as well as your household choose an alternative solution or personal loan provider that will most useful satisfy your specific requirements.

Note: make use of all federal loans granted before using for private/alternative loan.

Private Loan Lender

See this set of frequently employed personal loan loan providers. Before you submit an application for a loan that is private first exhaust your eligibility for Federal loans.

Personal Loans – These loans are nonfederal loans, created by a loan provider such as for instance a bank, credit union, state agency. etc. that needs to 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 right to your student account. We offer this list as helpful tips for you; nonetheless, you’re liberated to select another loan provider without penalty. (ODU doesn’t discriminate against loan providers and can approve loans from any personal loan provider offered the pupil fulfills the lending company’s eligibility needs.)

NSLD Central Database

The Central Database NSLDS scholar Access supplies a centralized, built-in view of Title IV loans and funds in order for recipients of Title IV help can access and ask about their Title IV loans and/or give information.

How exactly to Access Your Federal Funding Ideas? Post-Graduate Loan Repayment

Graduating is a large success, and a really exciting time. Nevertheless, during graduation time, pupils whom utilized loans must start considering payment

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 Figuratively Speaking

Loans in standard

Require assistance with a defaulted education loan? You currently have more choices than ever before to aid repay your student education loans. 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 web sites to Service Centers which will 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 obtained to simply help fund your training.