Direct Loan Servicing
Direct Loan Servicing
Direct Loan Servicing Online at www.dlssonline.com - students with a wide variety of tools to help manage their federal student loans. From entrance to exit counseling, the Direct Loan Servicing agency gives borrowers a 360-degree view of their loans. The following is a list of options students have on the site.
Account Management
Borrowers can make monthly payments and extra payments via the Web. Through the account manage options, borrowers also have the ability to view their payment history, and change their billing options.
Tax Information
1098-E Tax Information is mailed each year in January to borrowers. If you want to receive this information as soon as it is released, you can download the 1098 online from the Direct Loan Servicing site.
Loan Consolidation
Students seeking a student loan consolidation (involving their Direct Loans) can apply, free of charge, through the Direct Loan Servicing Center. Consolidation helps to lower monthly payments and offers students an easier way to manage their bills. Consolidated loan packages also help to secure a low interest rate and feature flexible repayment plans like the original Direct Loans.
Electronic Services
Borrowers can enroll in electronic services on the site that offer e-bills and official correspondences delivered in electronic format. This cuts down on traditional mail.
PIN Services
For students who do not have a PIN number from the U.S. Department of Education, they can apply for one on the Direct Loan Servicing site. The PIN serves as an electronic signature and is used to access student loan information online. If you applied for federal student aid, at any point, you already have a PIN. The site also features a PIN reminder service for borrowers who forgot their PIN or want to change it.
Direct Loan Servicing is not the only agency that offers its borrowers a way to manage their account online. Several private lenders and loan servicing companies provide similar services. Contact your student loan lender today to learn more about their servicing options.