Amidst all of the changes, “student loans are in transition, and those who use them need to pay particular attention right now as the U.S. Department of Education's Direct Loan Program takes responsibility for lending,” The Daily Press sagely advises.
Make sure that you are taking the right steps to apply for and manage your community college financial aid, using this article as your guide.
- Students will now be provided with a single contact in the Direct Loan Servicing Center, regardless of whether or not the Direct Loans have been dispersed at different schools for one student.
- Students have full-time online access to their Direct Loan account details via the Direct Loans website.
- Upon graduating, students can evaluate and choose from various repayment plans. These options serve to meet the needs of diverse borrowers. Borrowers can alter their repayment plans if / when financial needs change.