If student loans were among the financial aid options that enabled you to achieve your education, you must be sure you understand your obligation to repay the funds and your specific responsibilities as a borrower.
The Office of Financial Aid is required by federal regulations to provide you with the name of your lender(s), an estimate of the first loan payment due date and an estimated payment amount for your federal loans. Recently, you should have received a loan exit packet containing this information in your campus box. This is important information and should be kept in a safe place.
Your first responsibility as a pending graduate with federal student loans is to complete an exit counseling session at www.mapping-your-future.org, according to the instructions in your packet. The exit counseling session will provide you with additional information regarding loan repayment, consolidation, deferment, and forbearance options. After you complete this online session, you will have a better understanding of your rights and responsibilities, as well as learn tips for maintaining good credit.
The deadline for completing your exit counseling session is April 15, 2008. The Office of Financial Aid will receive electronic notification once you have completed the exit counseling session. Knowledgeable staff members in the Office of Financial Aid are available to assist you. Please feel free to contact them if you have any additional questions after completing your online exit counseling session.
Posted: March 18, 2008
