Student Rights and Responsibilities

你需要知道的

As a borrower of at least one Federal Direct Loan, subsidized and/or unsubsidized, we would like to provide you with your rights and responsibilities. Borrowing funds is an important decision and, while we understand it is a tool to help you finance your education, we want you to be aware of the various details to consider when borrowing student loans.

贷款资格

In order to maintain eligibility for your Federal Direct Loans, you must:
-每年完成FAFSA
- Be a US Citizen or eligible non-citizen
- Be enrolled at least half time in a degree-seeking program
- Not have borrowed more than the aggregate loan limit ($31,000 for dependent undergraduates, $57,500 for independent undergraduates and $138,研究生500元)
- Not currently be in default on any other federal student loans
- Be maintaining Satisfactory Academic Progress

Steps Needed for Your Loan to be Processed

If you have never borrowed a federal student loan before, there are two required steps that must be completed before the loan(s) can be fully processed. 的主本票 is the legal agreement with the U.S. Department of 教育 that you intend to repay the loan according to the terms provided and the 入学咨询 is an extensive lesson intended to educate you on all of the loan details. 的se steps must only be completed one time while you are at 资本 and we encourage you to take your time and read all of the information provided. Be sure to login to the site using the credentials used to access your FAFSA electronically. Once we receive confirmation from the U.S. Department of 教育 that you have completed both steps, we will be able to disburse your loan.

贷款条款

请参阅我们的学生贷款情况说明 for a basic overview of the terms of your loan. This site is updated annually as the interest rate on new loans changes on July 1 of each year. 你亦可浏览 www.热门产品.政府 for more thorough information. Be aware that when you completed a 主本票, you gave your permission for federal loans to be processed on your behalf each year for up to 10 years (length of time the MPN is valid). You will be provided the annual loan amount awarded each year at 资本 through WebAdvisor and it is always your right to reduce or cancel any portion of your loan. As stated in your Loan Disbursement Notice, you have 14 days after each disbursement to cancel any portion of the loan disbursed, during which time all fees and interest will be removed on the cancelled/returned portion of the loan.

发布信息

All Federal Direct Loan information will be submitted to the National Student Loan Data System (NSLDS), 一个安全的, comprehensive federal student aid database maintained by the Department of 教育. This site will be accessible by guaranty agencies, 银行, and schools determined to be authorized users of this system. 我们鼓励你登录nsds regularly to check that the information reported to this database is correct.

贷款的发放

Your Federal Direct Loans will be disbursed in equal payments, one for each term that you are enrolled and for which you are borrowing the loan(s). Disbursements are generally made within the five days before the start of each semester. If you complete the required loan processes after the semester has begun, the loan will be disbursed as soon as all requirements are complete.

还款

的 loans borrowed for your education must be repaid in accordance with the terms in your 主本票. You will have a number of repayment options available to you but you may, at any time, visit http://studentaid.ed.gov/repay-loans/understand/plans/ 要查看此信息. This site includes loan repayment calculators to help you estimate your monthly payment amount. We urge to you make your student loan payments on time and in their entirety as this will ensure the best possible outcome for you. Delinquency and default are very serious and there are long-lasting implications of non-payment of your loans. If you have trouble making your student loan payment, we strongly encourage you to stay in close contact with your loan servicer as they can help provide alternative payment arrangements so that your payment amount is more manageable.