Paying Your Federal Direct Loans

The Direct Loan Program offers loan repayment designed to meet the needs of almost every borrower.  Direct Loans are funded by the U.S. Department of Education through your school and are managed by a loan servicer, under the supervision of the Department.  The Direct Loan Program allows you to choose your repayment plan and to switch your plan if your needs change.  For more information visit Direct Loan Repayment Plans.

Consolidating your Federal Loans

You may be eligible to combine your existing Federal education loans into one new consolidated loan that offers several advantages.  For more information please visit Federal Direct Consolidation Loans.

Special Direct Consolidation Loans

The U.S. Department of Education will offer Special Direct Consolidation Loans to eligible borrowers, beginning in January 2012.  This is a short-term consolidation opportunity, ending June 30th, 2012, for borrowers with

• at least one student loan held by the Department (a Direct Loan or a Federal Family Education Loan [FFEL] owned by the Department and serviced by one of the Department's servicers); and
• at least one commercially-held FFEL loan (a FFEL loan that is owned by a FFEL lender and serviced either by that lender or by a servicer contracted by that lender).

You do not need to take any action until you are contacted by a Department of Education servicer. If you’re interested in taking out a Special Consolidation Loan, it is critical that you do not start the traditional Direct Consolidation Loan process. If you consolidate your loans into a traditional Direct Consolidation Loan before Special Consolidation Loans are available, you will not be eligible for a Special Direct Consolidation Loan.

For more information visit Special Direct Consolidation Loans.

Paying Your Federal Perkins and Middlebury College Loans

If you have borrowed Middlebury College Loans or Federal Perkins Loans, you will receive your repayment and billing information through our servicer, Heartland ECSI.  By visiting Heartland ECSI you have access to your loan information and other products and service such as downloadable forms for loan cancellations, deferments and forbearances.