Get Federal Direct Consolidation Loan Application And Promissory Note Omb No

This guide provides comprehensive instructions for completing the Federal Direct Consolidation Loan Application and Promissory Note. Designed to assist users of all backgrounds, including those unfamiliar with legal documents, this resource will simplify the process of filling out the form online.

Follow the steps to successfully complete the consolidation loan application.

1. Press the ‘Get Form’ button to obtain the Federal Direct Consolidation Loan Application. This will open the form in your editing tool, allowing you to begin filling it out.
2. In Section A, provide your accurate borrower information. Fill in your last name, first name, middle initial, and permanent address. Include your Social Security number, telephone number, and optionally, your email address.
3. Complete all fields in Section A, including your date of birth and driver's license details. If applicable, list any former names.
4. Move to Section B and enter the names and contact details of two references who have known you for at least three years. Make sure they live at different addresses and do not reside with you.
5. In Section C1, list the education loans you wish to consolidate. Include each loan's code, the loan holder's name and address, and the estimated payoff amount. Only include loans that you specifically want to consolidate.
6. For any loans you do not want to consolidate, detail them in Section C2. This ensures they are noted in your repayment plan calculations, but they will not be included in the consolidation.
7. Select a repayment plan in Section D, where options include standard, graduated, income-based, or income-contingent repayment plans. Make sure you understand each plan's implications.
8. Read and acknowledge the certifications in Section E, verifying the accuracy of your information, understanding your obligations, and allowing necessary authorizations.
9. Once you have completed every section, review your application for accuracy. Ensure all required fields are filled out, and any necessary changes are initialed.
10. Sign and date the form in Section F, then save your changes, download a copy for your records, and print if required.

Take action and complete your Federal Direct Consolidation Loan Application online today to manage your educational debt effectively.