Most lending institutions, including the federal government, offer both online and paper applications. If you have all Direct Loans, you can even apply by phone. Besides basic personal contact information, you'll need to provide data on the type of loans you have, your balances and the current loan holders. Complete the application and then wait for the lender to send it to you for your signature. Stay on top of this, since the deadline is imminent. Verify that all the information you provide is accurate. Once your loan is approved, you'll receive notification and a new repayment schedule from your new lender.