Find Student Loan Consolidation

1. Woelfe Says:
   September 6th, 2008 at 6:10 am

   The money is coming from the govt instead of the FFELP system where private banks are involved. Go back and read your award letter. I will bet dollars to donuts it explains the process for you to setup your Stafford loans. If you do not find it there - Call your financial aid office. Each school may have slightly differing processes.

2. kultkonn98 Says:
   September 7th, 2008 at 2:36 am

   Stafford Loans are backed by the government, which is why lenders love them. But it’s an actual bank that disburses the funds. Every school has ‘preferred’ lenders, such as Citibank or Sallie Mae. I went with my credit union, Navy Federal, for mine, because they rock and give a 2% discount off the already low rate for on time payments. So if you’re already a member of a bank of credit union and you like the way they work, check to see if they disburse stafford loans. Like I said before, most do because they’re guaranteed to be paid even if you default on them. After you sign a Master Promissory Note (MPN), which you may be able to sign online, the bank will send a certification to your school. Once the school returns the certification, the bank sends the check straight to your school, who credits it to your student account. Now sometimes this whole certification process can take awhile. At my school it took next to forever. Hope this helps!

3. srs2teach Says:
   September 8th, 2008 at 11:11 pm

   The Federal Govn’t is your lender. You will need to go to to complete entrance counseling and you will need to go to to e-sign your Master Promissory Note.

   Check with your financial aid office to see if you have to sign a Direct Loan Certification Form, if you have to do anything specific at your school to let them know you are accepting the loan.

Add A Comment

Name (required)

Mail (will not be published) (required)

Website

Spam protection: Sum of 2 + 9 ?