Fedloan - Myfedloan.com

fedloan

myfedloan.com DEPARTMENT OF FEDERAL FUNDS

Information for Federal Loan Graduates.

We are very happy for your prompt investiture, a moment full of satisfaction and achievement,

Not only for you, but for your entire family.

Are you sure to ask yourself what now?

We will explain to you what is the process to follow to do all the exit procedures

From the perspective of federal loans.

fedloan

1. Exit Interview

You must complete the exit interview online, through the page

you must do this at least the week before the date of your

graduation.

It is necessary that when you finish print the proof of the interview and deliver it

At the Federal Funds office.

In addition to the exit interview, below we will explain some useful information,

Related to the grace period and payment plans.

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Catholic University Northeastern | Information for Federal Loan Graduates.

2. How much do you owe? Who should you pay?

It is necessary to have your accounts clear and know the total to pay including the amount of

Loan (principal) plus interest.

You must also know, if you do not know, who is your "Lender", or the collection agency that

Has the debt of your loan. You can verify this by searching your Loan history

The Current Lender.

3. Contact your lender.

Thus you will know the facilities and resources that they have for you and that can be very useful for

Help you in the payment process.

The following are federal loan administrator entities granted through

Of the Federal Education Loan Program William D. Ford Federal Direct Loan

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fedloan change challenge questionsProgram and the Federal Family Education Loan Education Loan Program

Program (FFEL).

Administrator Entity

Web page

Loans

Aspire Resources Inc.

Http: //www.aspireresourcesinc.c

Contact

1-855-475-3335

Om /

CornerStone

Https://www.mycornerstoneloan.

1-800-663-1662

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ESA / Edfinancial

Catholic University Northeastern | Information for Federal Loan Graduates.

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FedLoan Servicing

1-800-699-2908

Granite State - GSMR

1-888-556-0022

Great Lakes Educational

1-800-236-4300

MOHELA

1-888-866-4352

Nelnet

1-888-486-4722

(PHEAA)

Loan Services, Inc.

Px

OSLA Servicing

1-866-264-9762

Sallie Mae

1-800-722-1300

EdServicing / federalLoans /

VSAC Federal Loans

1-888-932-5626

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4. Grace Period.

It is a neutral period that allows you to settle financially and select your plan

Payment of loans already consumed.

After the grace period, you must start with the payments on your loan (s).

Your grace period will be six months for Direct Loan program loans.

If you were called up for active military service for more than 30 days, the grace period

Will be delayed.

Direct Loan Program PLUS loans do not have grace periods, but the

Borrowers can defer payment for six months.

Catholic University Northeastern | Information for Federal Loan Graduates.

3

5. Payment Plans.

A. Basic Payment Plan:

For Loans with, without subsidy and PLUS of the Direct Loan Program and the FFEL Program.

Fixed payments of at least US $ 50 per month.

Up to ten years to pay.

B. Gradual Payment Plan:

For Loans with, without subsidy and PLUS of the Direct Loan Program and the FFEL Program.

Monthly payment: payments are lower at the beginning and then increase, in general, each

two years.

Up to ten years to pay.

C. Expanded Payment Plan:

For Loans with, without subsidy and PLUS of the Direct Loan Program and the FFEL Program.

Payments can be fixed or gradual.

From 12 to 25 years to pay.

To apply to any of these payment plans the student must have more than $ 30,000

In outstanding loans from the Direct Loan Program and the FFEL Program.

D. Income-Based Payment Plan (IBR):

For Unsubsidized and Unsubsidized Loans, PLUS and Direct Program Consolidation Loans

Loan and the FFEL Program.

The maximum of your monthly payments will equal fifteen percent of your income

Discrepancies, the difference between your adjusted gross income and 150% of the

The size of their family group and their state of residence (with

Conditions).

Up to 25 years to pay

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Catholic University Northeastern | Information for Federal Loan Graduates.

E. Conditional Payment Plan for Income:

For Unsubsidized and Unsubsidized Loans, PLUS and Direct Program Consolidation Loans

Loan and the FFEL Program.

Payments are calculated every year and are based on your annual income, the size of your

Family group and the total amount of your Direct Loan Program loans. If you are married,

Will include the income of your spouse.

Up to 25 years to pay

F. Income-Sensitive Payment Plan

For Unsubsidized and Unsubsidized Loans, Graduate PLUS and Consolidation Loans

Direct Loan Program and the FFEL Program.

Your monthly payment is calculated based on your annual income. Your fees change as you go.

That change their income.

Up to ten years to pay.

For more information contact us:

Lucy Santos

Financial Aid Director

Catholic University Nordestana

UCNE

Los Arroyos, PO Box 239

San Francisco de Macoris 31000

Tel: 809-588-3505

Email: financial.aid@ucne.edu

Sidney Vargas

Financial Aid Assistant

Catholic University Nordestana

UCNE

Los Arroyos, PO Box 239

San Francisco de Macoris 31000

Tel: 809-588-3505

Email: financialaid.auxiliar@ucne.edu

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Catholic University Northeastern | Information for Federal Loan Graduates.

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