Soka University no longer processes Federal Stafford and Federal PLUS loans through the Federal Family Education Loan program, in which students and parents were able to borrow from private lenders and banks. Beginning July 1, 2010, the University started participating exclusively in the William D. Ford Federal Direct Loan program, in which borrowers obtain loan funds directly from the U.S. Department of Education.
Consolidating All Prior Loans
Under provisions of the Ensuring Continued Access to Student Loans Act ("ECASLA") , lenders have the option to "PUT" (sell) loans to the U.S. Department of Education (DOE). Lenders must notify borrowers if their loans have been sold to the Department of Education.
A Consolidation Loan allows you to combine all the federal student loans you received to finance your college education into a single loan. Borrowers will be able to consolidate all of their prior Stafford, Grad PLUS or PLUS Loans through the Federal Direct Consolidation Program.
To locate/repay your federal student loans you can click on My Student Loans.
Loan Forms: