Here are the best resources for direct federal student loans schools

Student Loan Online Application

The borrower must first complete the FAFSA (Free Application for Federal Student Aid) form and submit it to the financial aid. A renewal FAFSA can be completed if the applicant has submitted a FAFSA in the previous year. The FAFSA can be completed online: http://www.ed.gov/offices/OSFAP/Students/apply/express.html. If the student has already completed a FAFSA or renewal FAFSA for the current school year, he or she should submit a copy of their SIR forms. The Federal Government must receive the FAFSA or renewal FAFSA before any financial aid will be disbursed.

The borrower will then complete and submit the MPN (Stafford Loan Master Application and Promissory Note) and KSI financial aid application and paperwork. The Financial Aid Officer will counsel the student and determine the loan amount for which he or she is eligible. Once the certified loan amount is set and the borrower has returned the completed Promissory Note, the financial aid office will complete the School Certification Form.

Students will have an Entrance Counseling session to explain all the rights and responsibilities of student loan applicants. Once the student borrower has finished their coursework or withdrawn from the school, any remaining loan funds in the student account will be returned to the Lender.

Students will have an Exit Counseling session to explain repayment responsibilities, options and terms

What to do if you have a problem?

If you have a problem, ask for help. Do not just skip payments. If you run into financial difficulties while paying back your student loans, contact the servicer of your loans and explain the situation. The servicer may be willing to re-negotiate the amount of your monthly installments or offer you a financial hardship forbearance. You may be allowed a short period in which no payments are due, or you may be permitted to make lower than usual payments for a time.

For further information please visit: http://studentloan911.com

More Useful Resource and Updates on direct federal student loans schools

• A push to boost college graduation rates (The Christian Science Monitor via Yahoo! News)
  When it comes to competing globally, the United States not only needs to get more students into college, but it also needs them to actually earn their diplomas. That's the conclusion of business leaders and policymakers concerned about the education level of younger generations who will replace 78 million baby boomers heading toward retirement.



• Local aid to students looks bleak (Temple Daily Telegram)
  College students and their families may need a bailout soon to pay for tuition if economic trends continue across the country. The financial crisis is cutting into privatized loans, or alternative loans, being offered by lenders, many of whom have folded or dropped student loan services within the last year. According to University of Mary Hardin-Baylor associate vice president and director of ...



• RISLA able to bond for student loans in difficult borrowing climate (Warwick Beacon)
  Written by MOORE, RUSSELL J. While some states are struggling to provide college loans to students and parents, the Rhode Island Student Loan Authority (RISLA) has been able to navigate the waters of a difficult borrowing environment.



• Regional News: Student accused of forging loans (The Mercury)
  NORRISTOWN ? A 21-year-old Temple University student accused of forging student loan forms failed to show up for a pretrial conference Wednesday.



• Families weigh college costs (WCBD-TV Charleston)
  The credit crunch is forcing many of your to rethink how you?re going to pay for college.  A new study says nearly every state including South Carolina receives failing grade when it comes to college affordability.



• Report Shows College Costs Rising Fast (KTAL Shreveport)
  When it comes to college, the Arklatex gets a failing grade, at least when it comes to affordability. In a new study on the issue, only California got a passing grade.

• Direct Loan Frequently Asked Questions
  ... Loans help me go to college or a career school? ... Loans allow students or parents to combine different eligible federal student loans into one loan. ...



• William D. Ford Direct Loan Program
  One of the Federal Student Aid (FSA) programs provided by the Department of Education that provides students with a way to borrow money to pay for education after ...



• Student Aid on the Web
  ... Direct Loan programs consist of what are generally known as Stafford Loans (for ... Schools generally participate in either the FFEL or Direct Loan program but ...



• Funding Education Beyond High School: The Guide to Federal Student Aid ...
  ... schools to students who demonstrate the greatest financial ... Federal Direct Student Loan Program referred to as Direct Stafford Loans (or Direct Loans) ...



• Federal Direct Student Loan Program - Wikipedia, the free encyclopedia
  ... Federal Direct Loan Program (FDSLP), often referred to as "Direct Loans," is ... allow a student to choose a FDSLP loan if the school chooses to participate ...



• Federal Student Aid - Direct Loan Servicing
  Services include account management, online payments, loan consolidation, and tax information.



• FinAid | Loans | Student Loans
  ... Lending Schools", are provided by the US government directly to students and ... student attending a school that participates in the Federal Direct Student Loan ...