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Loan consolidation can greatly simplify loan repayment by centralizing your loans to one bill and can lower monthly payments by giving you up to 30 years to repay your loans. Curious where to find this information? Please attempt to log in to the Web site after the outage period ends. The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement.

Contact the financial aid office at the school you (or your child, if you are a parent borrower) are planning to attend for details regarding the process at that school. Learn more about the FSA ID. It lists the terms and conditions under which you agree to repay the loan and explains your rights and responsibil... Learn more How to Repay Your LoansUnderstanding RepaymentLoan ServicersRepayment PlansRepayment ChecklistLoan ConsolidationDeferment and ForbearanceForgiveness, Cancellation, and DischargeClosed School DischargePublic Service Loan ForgivenessTeacher Loan ForgivenessTotal and Permanent Disability DischargeDischarge Due to DeathBorrower http://www.direct.ed.gov/

The maximum PLUS loan amount you can borrow is the cost of attendance (determined by the school) minus any other financial assistance received. To ask questions about consolidating your loans before you apply for a Direct Consolidation Loan, contact the Loan Consolidation Information Call Center at 1-800-557-7392. Graduate or Professional Students Annual Loan Limit Not Applicable (all graduate and professional students are considered independent) $20,500 (unsubsidized only) Subsidized and Unsubsidized Aggregate Loan Limit $31,000—No more than $23,000 of Top Are there different repayment plans?

You, the parent borrower, are legally responsible for repaying the loan. To receive either type of loan, you must be enrolled at least half-time at a school that participates in the Direct Loan Program. Learn more Minds can achieve anything. Visit the Help Center New to Edfinancial?

Department of Education.Adverse Credit HistoryA credit history is a summary of your financial strength, including your history of paying bills and your ability to repay future loans. Top Quick Links Federal Versus Private Loans Interest Rates and Fees Avoiding Scams Estimate Your Aid Leave Us Feedback Resources Federal Student Loan Programs View File Federal Student Loans: Basics for mail, your consolidation servicer’s contact information was available when you downloaded or printed the paper application. https://studentaid.ed.gov/ Eastern time due to scheduled maintenance.

Your loan servicer will provide regular updates on the status of your Direct Loan, and any additional Direct Loans that you receive. There are several repayment options available that are designed to meet the individual needs of borrowers. We apologize for any inconvenience. Repayment Plan Selection3.

Top   Is there a time limit on how long I can receive loans? New to Edfinancial? Eastern time due to scheduled maintenance. You can usually find the published length of any program of study in your school’s catalog.

Search form Search using USASearch Menu Prepare for CollegeExploring Your Career OptionsCareer SearchChecklists for Academic and Financial PreparationElementary School ChecklistsMiddle School Checklists9th Grade Checklists10th Grade Checklists11th Grade Checklists12th Grade ChecklistsAdult Student November 10, 2016 Who Is In Your Village? Your lender may grant you a forbearance if you are willing but unable to make loan payments due to certain typ...Direct LoanA federal student loan, made through the William D. If you are a first-time borrower on or after July 1, 2013, there is a limit on the maximum period of time (measured in academic years) that you can receive Direct

Learn more You are hereHome » Types of Aid » Loans » PLUS Loans PLUS loans are federal loans that graduate or professional students and parents of dependent undergraduate students can Your promissory note and additional information you receive from your school will explain the procedures and time frames for canceling your loan. Stay Connected Like Us Follow Us Find Us Read our Blog Prepare for CollegeExplore CareersCareer SearchChecklists to Get ReadyChoosing a SchoolSchool SearchUnderstanding College CostsApplying to SchoolsBudgetingFinding HelpTypes of AidGrants and ScholarshipsLoansWork-Study Top How do I apply for a Direct Consolidation Loan?

Top What is the interest rate on a consolidation loan? Featured Articles New REPAYE Plan Revised Pay As You Earn (REPAYE) plan now available for Direct Loan borrowers! CitizensStaying EligibleRegaining EligibilityFAFSA: Applying for AidEstimate Your AidFilling Out the FAFSADependency StatusThe FSA IDNext Steps After FAFSACorrecting Your FAFSAComparing School Aid OffersReceiving AidHow to Repay Your LoansMaking a PaymentRepayment PlansLoan ConsolidationDeferment

You can also contact your servicer to request a deferment.

Choose a repayment plan, pay on time, avoid default, and get help with problems. Home Announcements Has Your School Closed? You will indicate this when you apply, and the consolidation servicer will wait to process your application until the appropriate time. Learn more about deferment or forbearance options.

FAFSA Changes for 2017–18 Information About Debt Relief for Corinthian Colleges Students Closure of Regency Beauty Institutes Closure of ITT Technical Institutes Prepare for CollegeExplore CareersCareer SearchChecklists to Get ReadyChoosing a Last-minute ChecklistChoosing a SchoolTypes of SchoolsThings to ConsiderTaking Required TestsApplying to SchoolsBudgetingCreating Your BudgetBudgeting TipsFinding Help Checklists Whether you’re a student or parent, years away from college or just a few top   Whom do I contact if I have questions about consolidation? StudentLoans.gov Complete your Master Promissory Note, Loan Consolidation Application or counseling (entrance, financial awareness, and exit) or request a Direct PLUS Loan or an income–driven repayment plan.

Your school will use the information from your FAFSA to determine how much student aid you are eligible to receive. Am I eligible for a Direct PLUS Loan?Can I still receive a Direct PLUS Loan if I have an adverse credit history?How do I apply for a Direct PLUS Loan?What additional This office helps students apply for and receive student loans, grants, sc...DisbursementPayment of federal student aid funds to the borrower by the school. You apply for a Direct Consolidation Loan through StudentLoans.gov.

When you receive your Direct PLUS Loan, you will be contacted by your loan servicer (you will repay your loan to the loan servicer). The U.S. The result is a single monthly payment instead of multiple payments. Carefully consider whether loan consolidation is the best option for you.

Most federal student loans, including the following, are eligible for consolidation: Direct Subsidized Loans Direct Unsubsidized Loans Subsidized Federal Stafford Loans Unsubsidized Federal Stafford Loans Direct PLUS Loans PLUS loans from The graduate aggregate limit includes all federal loans received for undergraduate study. Consumer Advisory Don’t pay for student loan assistance! Learn more FAFSA: Applying for AidEstimate Your AidFilling Out the FAFSAThe FSA IDDependency StatusReporting Parent InformationListing Colleges on the FAFSANext StepsStudent Aid ReportCorrecting or Updating Your FAFSAHow Aid Is CalculatedComparing School

Learn more about repaying your loan. King, Jr. Last-minute ChecklistChoosing a SchoolTypes of SchoolsThings to ConsiderTaking Required TestsApplying to SchoolsBudgetingCreating Your BudgetBudgeting TipsFinding Help Checklists Whether you’re a student or parent, years away from college or just a few Myeddebt.ed.gov Get information about your defaulted federal education debt.

Graduate and professional students enrolled in certain health profession programs may receive additional Direct Unsubsidized Loan amounts each academic year beyond those shown above. The repayment term ranges from 10 to 30 years, depending on the amount of your consolidation loan, your other education loan debt, and the repayment plan you select.