Consolidating federal and private school loans


Lifetime savings calculation of ,767 is based on all So Fi members who refinanced their student loans between January 2017 and April 2018.

To complete Financial Awareness Counseling, you will need: PLUS Credit Counseling will help students and parents understand the obligations associated with borrowing a PLUS loan and assist them in making careful decisions about taking on student loan debt. If you have received a subsidized, unsubsidized or PLUS loan under the Direct Loan Program or the FFEL Program, you must complete exit counseling each time you: Note: The FFEL Program ended June 30, 2010 and no new loans have been made under the FFEL Program after that date.

At the end of the exit counseling session, you will be asked for information that will be included as part of your loan records.

If you have previously completed either a Direct Loan MPN or a Direct PLUS Loan Application, some of this information may be populated for you.

You should review all populated information carefully for accuracy..

To complete Exit Counseling, you will need: The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U. Unless your school does not allow more than one loan to be made under the same MPN, you can borrow additional Direct Loans on a single MPN for up to 10 years.