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

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

Tip Fusion

Student Loan Ideas

Federal Help First

Federal loans often provide borrowers reduced rates of interest and possess more versatile payment choices 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 getting loans are necessary to finish entrance guidance. Indication into studentaid gov/h/manage-loans utilizing your PIN to gain access to your bank account and entrance counseling that is complete.

The Direct Lending Process

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

Simple tips 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.

Step (2) PLUS information Sheet – Complete this form and submit it to Student 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) products plus the Direct Loan Program. Under these programs, a debtor’s loans are paid down and a brand new consolidation loan is done. These programs simplify loan payment by combining various kinds Federal education loans (that will have various terms and repayment schedules or might have been created by various loan providers) into one brand new loan. Look at the studentaid gov/h/manage-loans for more information.

Choosing Your Alternative/Private Lender

Recommended requirements that will help you as well as your household choose an alternative solution or lender that payday loans Hawaii 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 variety of commonly used loan that is private. Before you make an application for a loan that is private 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 must definitely 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 straight to your pupil account. We offer this list as helpful tips for you; but, you may be liberated to select another loan provider without penalty. (ODU will not discriminate against loan providers and certainly will approve loans from any personal loan provider supplied the pupil fulfills the financial institution’s eligibility demands.)

NSLD Central Database

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

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

Graduating is a large accomplishment, and a really time that is exciting. Nevertheless, during graduation time, pupils whom utilized loans must start 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 Student Education Loans

Loans in standard

Require assistance with a student loan that is defaulted? You will have more choices than ever before to aid repay your student education loans. Look at the handling Your Defaulted Student Loan web web page to find out more.

Provider Centers for Pupils

Fast guide list with usage of figures and web sites to Service Centers that will assist the borrower manage their figuratively speaking.


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


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

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