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What do I do once I take out a student loan?
edited February 2017 in Financial Aid
Before taking out your first loan, you must attend entrance counseling that explains your rights and responsibilities as a borrower. Once you take out a loan, it is important that you keep the lender and your college informed of any changes in your address or enrollment plans. Before you leave college (including withdrawing, transferring or graduating), you should attend an exit interview which will cover your payment obligations and the number of options available to you as a borrower. If at any time you have questions regarding the repayment of your loans, contact your lender or the financial aid office.0