If you have students who are requesting additional federal loan funds for the 2007/2008 school year, T.H.E. reminds you of the option to simply increase the existing federal loan instead of having students apply for a new loan.
By doing this, your students can qualify for pre-October 1, 2007, borrower benefits if:
- The loan’s first disbursement fell prior to October 1, 2007
- The additional funds are for the same academic term as the original loan
With significant changes on loan terms with a first disbursement after October 1, 2007, we want to help students find every opportunity to save money on their loans—our nonprofit mission is to lower the cost of financing higher education. We believe this is another example of T.H.E. continuing to provide products, services and processing options that are truly in the best interest of the students.
If you have any questions about this process, please contact T.H.E. customer service.