Posted on 04 July 2009. Tags: Federal Direct Debt Consolidation Loan, Loan Application, Loan Application Fee, Loan Application Form, Loan Application Fraud, Loan Application Template
The application form consists of six main sections with the sixth section being the promissory note. The first five sections need you to provide some information about your past records of loans. Before we move on to explain the process of filling up the form, here is a quick recheck of the documents that you need to have in hand in before beginning the process of application.
o Most recent billing statements and annual or quarterly statement
o Documents needed from the financial aid office of your school
The application form may have certain data filled in prior to your filling up. Do look out for such data. They may not be right always. In case, they are wrong, mark a cross against the statement and fill in the correct information. After the information has been entered, sign your initials against the information for authenticity. Incomplete and unclear applications will be delayed.
Read the full story
Posted in Saving & Investing
Posted on 04 July 2009. Tags: College Loan FAQ, Debt Consolidation FAQ, Debt Consolidation Loans, Debt Consolidation Non Profit, Federal Direct Debt Consolidation Loan, Student Loan Consolidaion
Few common questions regarding the consolidation process, eligibility criteria etc have been addressed in this article. As we have already dealt with the advantages of consolidation, we will not delve in to that topic.
- What is the difference between FFEL consolidation and Direct Consolidation?
Differences if any must be checked with the office to which the consolidation application is being sent. If at all there are any differences, they will be mainly in the domain of the number of loans that you can consolidate, minimum amount for consolidation, requirement of documents for each type of loan, variation in the electronic debit system of repayment and repayment plans.
Read the full story
Posted in Saving & Investing