Direct Lending at Roanoke College

Roanoke College participates in the William D. Ford Federal Direct Lending program. Under this program, students and their parents borrow directly from the federal government. The lender is the U.S. Department of Education, funded by the U.S. Treasury.

Offerings and benefits of participation in the Direct Lending program include:

• Students no longer have to select a lending institution
• The program eliminates the complexity of using multiple-lender systems
• Federal Direct loans will never be sold
• Borrowers can consolidate FFELP loans with their Direct Loans at repayment
• Students will have greater loan forgiveness programs from which to participate

In order to borrow through the Direct Stafford Loan Program, students still must complete the 2012-2013 Free Application for Federal Student Aid (FAFSA) and submit all requested documentation to the Financial Aid Office. Please click on the links provided below to review the steps you must take to secure your Federal Direct Loan (Subsidized and/or Unsubsidized) and/or your Federal Direct PLUS loans.

 

What do I need to do to secure a loan?

Are you New to Roanoke and planning to start in EITHER the Fall 2012 or Spring 2013?

Are you a current student who has NEVER BORROWED through the Federal Stafford Loan Program? 

Are you a current student who HAS BORROWED Federal Stafford Loan funds before?

Are you a parent looking to borrow a loan in your name to help fund your student's education?

 

Other Useful Links:

Frequently Asked Questions about the Direct Loan Program
Additional information about the Direct Loan program

Online Repayment Plans/Calculators

Direct Loan Borrower Services
Account information, Loan Consolidation, 1098-E Tax Information, Online Payments