As a result of The Health Care and Education Reconciliation Act (HCERA) Legislation, effective July 1, 2010, Northwest Savings Bank will no longer be able to offer "federal" education loans to students and their families under the Federal Family Education Loan Program (FFELP).
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Although we do not offer education loans like student or parent federal loans or loans often referred to as alternative or private loans, you may find that some of our other loan options like personal loans, home equity loans, and home equity lines of credit may help you to restructure your existing loans or expenses to make those college years more affordable.
Please see your local Northwest banker or call 1-877-672-5678 (Option 4). Our Customer Services Representatives are available Monday - Friday, 7:00am - 8:00pm & Saturday, 8:00am - 1:00pm.
All new "federal" education loans will now come from the Federal Direct Loan Program.
If you are interested in a federal education loan, such as a Stafford Student Loan, Parent PLUS and/or the Graduate PLUS loan for the 2010-11 academic year and beyond, contact your school's financial aid office to find out what financial options are available and what steps to take to secure the aid. You can find additional information about the Federal Direct Loan program at www.studentloans.gov and/or www.direct.ed.gov.
If you would like to consolidate your federal loans, contact the Federal Direct Consolidation Loan Information Center at 1-800-557-7392 or go to www.loanconsolidation.ed.gov.
Northwest Savings Bank can no longer offer new federal education loans to students and parents.
If you have any questions regarding a loan with a pending disbursement or questions about the servicing of your federal loan, contact AES at 1-800-233-0557 (http://www.aessuccess.org/) or call Northwest's Student Loan Center at 1-800-799-2044.
If you are looking for a centralized list of all your federal student aid, go to U.S. Department of Education's National Student Loan Data System (NSLDS) at http://www.nslds.ed.gov/.
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