Student 贷款s are an investment in your future.
You must repay your 贷款, so be sure you understand your options and responsibilities.
If you apply for financial aid, you may be offered 贷款s as part of ODU's financial aid offer. A 贷款 is money you borrow and must pay back with 感兴趣.
If you decide to take out a 贷款, make sure you understand who is making the 贷款 and the terms and conditions of the 贷款. Student 贷款s can come from the federal 政府ernment, from private sources such as a bank or financial institution, or from other organizations. 贷款 made by the federal 政府ernment, called federal student 贷款s, usually have more benefits than 贷款s from banks or other private sources. Learn more about the differences between federal and private student 贷款s.
Will you need a 贷款? If so, think Federal aid first! Federal 贷款s usually offer borrowers lower 感兴趣 rates and have more flexible repayment options than 贷款s from banks or other private sources.
美国.S. Department of Education's federal student 贷款 程序是 威廉D. Ford Federal Direct Loan (Direct Loan) Program. Under this program, the U.S. Department of Education is your 银行. There are four types of Direct 贷款 available:
- Direct Subsidized 贷款 are 贷款s made to eligible under研究生 students who demonstrate 财务需要 to help cover the costs of higher education at a college or career school.
- Direct Unsubsidized 贷款 are 贷款s made to eligible under研究生, 研究生, and professional students, but eligibility is not based on 财务需要.
- 直接+贷款 are 贷款s made to 研究生 or professional students and parents of dependent under研究生 students to help pay for education expenses not covered by other financial aid. Eligibility is not based on 财务需要, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify.
如何申请:- 完成 Direct + Loan Application to initiate the credit check.
- 本科 Students: 完成 +数据表.
- 研究生 or Professional Students: 完成 研究生 +数据表.
- Direct Consolidation 贷款 allow you to combine all of your eligible federal student 贷款s into a single 贷款 with a single 贷款 servicer.
You will not need to sign a 贷款 check. Any credit remaining on your account after institutional charges have been paid, will be mailed directly to your address of record.
One-half of your approved 贷款 proceeds will be credited per semester. Please allow at least ten (10) working days from the date you submit your completed promissory note(s) to the financial aid office for your student account to be credited. 也, please note that federal regulations prohibit crediting aid prior to ten (10) days before classes begin. Remember responsibility for providing the financial aid office with required documentation lies with you. Your prompt attention to all requests from the financial aid office will greatly speed up the process of crediting 贷款 proceeds to your account.
- 文件的 FAFSA 早期. Application available October 1.
- Await your initial financial aid email notification, then 接受援助 你想要.
- Respond to all requests for documents immediately.
- Must be enrolled at least half-time in a degree or certificate program.
- Once your financial aid records have been cleared, your account will be ready for "贷款 certification." Please note that your 贷款(s) cannot be certified until all required documentation has been received in our office and your account has been updated and reviewed.
- You will be notified by postcard when your promissory notes are ready for you to complete and sign. You may complete your Electronic Master Promissory Notes online as follows:
- Access the Direct Loan website to complete the Master Promissory Note. The Master Promissory Note (MPN) is a legal document in which you promise to repay your 贷款(s) and any accrued 感兴趣 and fees to the U.S. Department of Education. It also explains the terms and conditions of your 贷款(s). You must have a Department of Education FSA ID to complete the Electronic Master Promissory Note.
- If you do not have a FSA ID you may request one by visiting the Federal Student 援助 FSA ID Website.
- First-time borrowers must complete Entrance 咨询. This session is designed to ensure that you understand all the terms and conditions of your 贷款, and your rights and responsibilities as a borrower. For information regarding a Federal Direct + or the G-+ Loan, please 联系 your financial aid counselor if you have any further questions.
利率 (Effective July 1, 2021-June 30, 2022)
- 本科 Direct 贷款
- 补贴3.73%
- 未受资助的3.73%
- 研究生 Unsubsidized Direct Loan: 5.28%
- 研究生 + Direct Loan: 6.28%
- + Direct Loan: 6.28%
Up Front Origination 费用 (Effective October 1, 2021-September 30, 2022)
- 本科 Direct 贷款: 1.057%
- 研究生 Unsubsidized Direct Loan: 1.057%
- 研究生 + Direct Loan: 4.228%
- + Direct Loan: 4.228%
Private 贷款s are non-federal 贷款s made by a 银行 such as a bank, credit union, state agency. 等. that must be repaid with 感兴趣 many while student is still in school.
The private 银行s provided are set up to facilitate efficient, electronic processing and disbursement of funds directly to your student account. We provide this list as a guide to you; however, you are free to choose another 银行 without penalty. (ODU does not discriminate against 银行s and will certify 贷款s from any private 银行 provided the student meets the 银行's eligibility requirements.)
Old Dominion University's historical list consists of private 贷款 银行s that have been used during the past 3 years.
Before you apply for a Private Loan, you should exhaust your eligibility for Federal 贷款s (工作人员ord, +, and Grad +) as they are typically less expensive and offer flexible repayment options.
The 银行s on the attached list are setup to facilitate efficient, electronic processing and disbursement of funds directly to your student account. We provide this list as a guide to you; however, you are free to choose another 银行 without penalty.
Private Loan certification will be completed if all the following criteria are met.
- The student is degree seeking
- The student is enrolled at least half-time
- The 贷款 is for the current semester/贷款 period or to satisfy past due balances for the previous semester only
- The 贷款 disbursements are split for fall and spring semesters
- The student is meeting Satisfactory Academic Progress (SAP) as determined by the 金融援助 Office
Private Loan processing time is 4 - 6 weeks
Navigate the student 贷款 repayment process with confidence: make payments, change repayment plans, 探索选项, 寻求帮助.
Will you need a 贷款? If so, think Federal aid first! Federal 贷款s usually offer borrowers lower 感兴趣 rates and have more flexible repayment options than 贷款s from banks or other private sources.
美国.S. Department of Education's federal student 贷款 程序是 威廉D. Ford Federal Direct Loan (Direct Loan) Program. Under this program, the U.S. Department of Education is your 银行. There are four types of Direct 贷款 available:
- Direct Subsidized 贷款 are 贷款s made to eligible under研究生 students who demonstrate 财务需要 to help cover the costs of higher education at a college or career school.
- Direct Unsubsidized 贷款 are 贷款s made to eligible under研究生, 研究生, and professional students, but eligibility is not based on 财务需要.
- 直接+贷款 are 贷款s made to 研究生 or professional students and parents of dependent under研究生 students to help pay for education expenses not covered by other financial aid. Eligibility is not based on 财务需要, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify.
如何申请:- 完成 Direct + Loan Application to initiate the credit check.
- 本科 Students: 完成 +数据表.
- 研究生 or Professional Students: 完成 研究生 +数据表.
- Direct Consolidation 贷款 allow you to combine all of your eligible federal student 贷款s into a single 贷款 with a single 贷款 servicer.
You will not need to sign a 贷款 check. Any credit remaining on your account after institutional charges have been paid, will be mailed directly to your address of record.
One-half of your approved 贷款 proceeds will be credited per semester. Please allow at least ten (10) working days from the date you submit your completed promissory note(s) to the financial aid office for your student account to be credited. 也, please note that federal regulations prohibit crediting aid prior to ten (10) days before classes begin. Remember responsibility for providing the financial aid office with required documentation lies with you. Your prompt attention to all requests from the financial aid office will greatly speed up the process of crediting 贷款 proceeds to your account.
- 文件的 FAFSA 早期. Application available October 1.
- Await your initial financial aid email notification, then 接受援助 你想要.
- Respond to all requests for documents immediately.
- Must be enrolled at least half-time in a degree or certificate program.
- Once your financial aid records have been cleared, your account will be ready for "贷款 certification." Please note that your 贷款(s) cannot be certified until all required documentation has been received in our office and your account has been updated and reviewed.
- You will be notified by postcard when your promissory notes are ready for you to complete and sign. You may complete your Electronic Master Promissory Notes online as follows:
- Access the Direct Loan website to complete the Master Promissory Note. The Master Promissory Note (MPN) is a legal document in which you promise to repay your 贷款(s) and any accrued 感兴趣 and fees to the U.S. Department of Education. It also explains the terms and conditions of your 贷款(s). You must have a Department of Education FSA ID to complete the Electronic Master Promissory Note.
- If you do not have a FSA ID you may request one by visiting the Federal Student 援助 FSA ID Website.
- First-time borrowers must complete Entrance 咨询. This session is designed to ensure that you understand all the terms and conditions of your 贷款, and your rights and responsibilities as a borrower. For information regarding a Federal Direct + or the G-+ Loan, please 联系 your financial aid counselor if you have any further questions.
利率 (Effective July 1, 2021-June 30, 2022)
- 本科 Direct 贷款
- 补贴3.73%
- 未受资助的3.73%
- 研究生 Unsubsidized Direct Loan: 5.28%
- 研究生 + Direct Loan: 6.28%
- + Direct Loan: 6.28%
Up Front Origination 费用 (Effective October 1, 2021-September 30, 2022)
- 本科 Direct 贷款: 1.057%
- 研究生 Unsubsidized Direct Loan: 1.057%
- 研究生 + Direct Loan: 4.228%
- + Direct Loan: 4.228%
Private 贷款s are non-federal 贷款s made by a 银行 such as a bank, credit union, state agency. 等. that must be repaid with 感兴趣 many while student is still in school.
The private 银行s provided are set up to facilitate efficient, electronic processing and disbursement of funds directly to your student account. We provide this list as a guide to you; however, you are free to choose another 银行 without penalty. (ODU does not discriminate against 银行s and will certify 贷款s from any private 银行 provided the student meets the 银行's eligibility requirements.)
Old Dominion University's historical list consists of private 贷款 银行s that have been used during the past 3 years.
Before you apply for a Private Loan, you should exhaust your eligibility for Federal 贷款s (工作人员ord, +, and Grad +) as they are typically less expensive and offer flexible repayment options.
The 银行s on the attached list are setup to facilitate efficient, electronic processing and disbursement of funds directly to your student account. We provide this list as a guide to you; however, you are free to choose another 银行 without penalty.
Private Loan certification will be completed if all the following criteria are met.
- The student is degree seeking
- The student is enrolled at least half-time
- The 贷款 is for the current semester/贷款 period or to satisfy past due balances for the previous semester only
- The 贷款 disbursements are split for fall and spring semesters
- The student is meeting Satisfactory Academic Progress (SAP) as determined by the 金融援助 Office
Private Loan processing time is 4 - 6 weeks
Navigate the student 贷款 repayment process with confidence: make payments, change repayment plans, 探索选项, 寻求帮助.