Fall and Spring Public
Hours
Monday - Friday 9:00 am - 4: 30 pm and evening hours when regular classes are in session Tuesday and Wednesday 5:00 pm - 7:00 pm * Our Hours Change in the Summer * |
2) If you do not already have
a financial aid PIN (the same one you may have used to sign your
FAFSA on the web), you must file for one at http://www.pin.ed.gov
in order to do the MPN on the web.
3) Ask in the Financial Aid Office for the Direct Loan Request Papers. Complete and submit the request forms and a copy of your completed
Queens College DL eMPN in the Financial Aid Office *** Call first to be sure when we begin accepting applications if you are filing for a semester that has not yet begun. Before filing these request papers you must be sure that:
6) We don't like to encourage
students to take more than they need in loan. If however you find that
you need to request review of your eligibility for an INCREASE in the
Direct Loan already processed and awarded, you may do so in any one of
the following ways:
Interest Rates
Direct Loan interest rates are
variable and are adjusted each year on July 1. Your
interest rate starts at the rate in effect when your loan goes into
repayment.
Exit Counseling
When you drop
below 6 credits, you are required to have an Exit Interview for your
Direct Loan. You may do it in person in the Financial Aid
Office. You may also do the exit counseling on the web at http://www.dlssonline.com/
- select the link for Exit Counseling that is on the top of the
page. When you complete the exit counseling, print the Rights and
Responsibilities Summary Checklist that is a part of the exit on the
web, and return it to the Direct Loan Coordinator in the Financial Aid
Office.
Loan
Consolidation
Sometimes you can
combine loans taken under a variety of student loan programs into one,
through a process callled student loan consolidation. Note that
loans that have been consolidated often do NOT retain the original
provisions of the various loans. Be sure that you understand the
implications of consolidating and what each consolidator offers if you
think you might want to do this.
More about the Direct Loan
More about the Direct Loan is available on the web at http://www.ed.gov/offices/OSFAP/DirectLoan/pubs/studentbasics.pdf and on the web at http://www.ed.gov/offices/OSFAP/DirectLoan/pubs/entrcounselguide.pdf . See also http://studentaid.ed.gov/PORTALSWebApp/students/english/cancelstaff.jsp?tab=repaying for information on the limited possibilities under this program for teacher cancellation.
Please note: The Direct Loan and the Perkins Loan are two separate programs,with different requirements and provisions.