Yes. Borrowers with Direct Loans may change plans at any time by notifying their servicers. FFEL loan holders must allow you to switch at least once each year, but most will let you change more often if necessary.
COVID-19 Advisory!
On Friday, March 27th, Congress passed the ‘‘CARES Act,’’ emergency legislation intended to meet urgent public health and economic needs in the face of the coronavirus crisis. Please visit our blog for the most up to date information on what this will mean for student loan borrowers.
Get updates via email
Get Answers
- More Dream Center Students Can Now Get Closed School Discharges
- How can I find a lawyer to help me?
- What special powers does the government have to collect student loans?
- Is it possible to discharge student loans in bankruptcy?
- Is it possible to cancel (also known as discharge) a federal student loan?
- What is the difference between default and delinquency?
- How can I make payments relative to my income?
- What type of loan do I have?
- What’s the difference between the two federal loan programs (FFEL and Direct)?
- Is there a limit on how much the government can take?
Recent Posts
Quick Help
Please Note
Please understand that we do not provide legal advice about individual cases. This web site includes links to other resources for those who seek individualized legal advice or other help not offered here. This site is for people who already have student loans and want to know more about their options and rights.
Disclaimer | Copyright © National Consumer Law Center, Inc., All rights reserved.