School-certified cost of attendance is the amount of money your school believes is required to attend their institution. It includes tuition, fees, room and board, and other education-related expenses. The school’s financial aid office can provide this figure. Keep in mind that Private Student Loans are meant to bridge the gap between the cost of attendance and the funding you have received from Federal Student Loans, scholarships and grants.
Navy Federal requires that all credit approved loans go through the school certification process and reserves the right to approve a lower amount than the school certiied amount or withhold funding if the school does not certify private student loans.
The application process must be completed online at http://NavyFederal.lendkey.com/Applicants will need to provide their:
Federal and private student loans can be refinanced with Navy Federal.
If you consolidate your Federal Student Loans through a Navy Federal Refinance Loan, you will lose certain benefits associated with your Federal Student Loans, including certain forbearance and deferment options, loan forgiveness for public service, income-based repayment plans, and loan forgiveness in the event of borrower death. You may be able to consolidate your outstanding Federal Student Loans without losing these benefits by consolidating into a Federal Direct Consolidation Loan with the Federal Government. A full explanation of Federal Student Loan benefits and consolidation options can be found at studentaid.ed.gov.