Special direct consolidation opportunity
The U.S. Department of Education will offer this consolidation opportunity for a
limited time to eligible borrowers from January through June 30, 2012.
Special Direct Consolidation Loan Information
January through June 30, 2012 - The U.S. Department of Education will offer a Special Direct Loan Consolidation opportunity.
- Not everyone will qualify. Beginning in January 2012 one of the federal loan servicers will contact student loan borrowers who qualify and provide application instructions.
- Borrowers should wait for eligibility notification and application instructions.
- After receiving instructions, borrowers interested in applying for a Special Direct Consolidation Loan will apply using a new online process.
- For more information, visit www.studentaid.ed.gov/specialconsolidation or contact the Federal Student Aid Information Center at (800) 433-3243.
- Sallie Mae provides a weekly report to schools for this initiative. Schools may obtain the Special Direct Consolidation Loan (SDCL) Eligible Borrowers by School report (EINWSDL902) from ASG-DocumentDirect® for the Internet, or DDI, within the ED folder. Please contact Sallie Mae's CollegeServ® department at 1-888-2-SCHOOL (888-272-4665) for assistance.