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If you do not already have one, request an FSA ID from the U. Department of Education Federal Student Aid Web site.
The FSA ID will be required to e-sign and submit the consolidation application online, which is the most efficient method for submission.
The site, which launched on Thursday, includes homepages specific to Georgetown and eight other colleges and universities.
The pages contain links to sites frequently visited by college students in general – including popular sites like You Tube, ESPN and e Bay – and Georgetown-specific sites like Blackboard, Student Access and GU Mail.
You may be contacted by private companies that offer to help you apply for a Direct Consolidation Loan, for a fee. Loan consolidation can offer benefits which may help you manage your federal student loan debt.
Consolidation allows you to: As with other federal student loans, you may prepay a consolidation loan without penalty and may change repayment plans if you find that the current plan no longer meets your needs.
y now has homepages for the University of Virginia, George Washington University and Northeastern University, among others.
“We thought this was something that students from other schools would benefit from having,” Toomey said.
Please note this may result in higher than average call volume following the holiday.Emails received as of Friday, August 30th, will receive a response within 3 to 5 business days. You can also access your online account 24 hours a day by logging into Manage My Account.A Direct Consolidation Loan may help make payments more manageable by combining several federal student loans into one loan with one monthly payment.Plus, the new interest rate is based on weighted average of the underlying loans, rounded to the nearest higher 1/8 Do your homework.If you simply need a smaller payment or if you're experiencing a temporary financial hardship, you may want to consider changing your repayment plan before considering consolidation.
All loans subject to credit approval and some restrictions apply.