Student Rights and Responsibilities

I understand that I have the right to the following:

  • Written information on my loan obligations and information on my rights and responsibilities as a borrower
  • A grace period and an explanation of what this means
  • A disclosure statement received before I begin to repay my loan, that includes information about interest rates, fees, the balance I owe, and the number of payments
  • Deferment of repayment for certain defined periods, if I qualify and I request it
  • Forbearance, if I qualify and I request it
  • Prepayment of my loan in whole or in part any time without an early-repayment penalty
  • A copy of my promissory note either before or at the time my loan is disbursed
  • Documentation that my loan(s) are paid in full