What happens if I borrowed a Stafford Loan previously, but now must borrow a Direct Loan?
Everyone borrowing thr Federal Direct Loan for the first time will have to sign a new promissory note on the U.S. Department of Education’s website, as well as a new Entrance Interview. You will have to complete these steps only once. Once completed, your loan will disburse onto your student account in a more stream-line manner than your loans did in previous years under the Stafford Loan program.
Related Questions
- What happens to the Stafford loans I borrowed in previous years? Will they still be deferred now that Cincinnati State is changing its loan process?
- What happens to the Stafford loans I borrowed in previous years? Will they still be deferred now that HPU is changing its loan process?
- What happens if I borrowed a Stafford Loan previously, but now must borrow a Direct Loan?
