As a Federal Stafford Student Loan Borrower you MUST:

• Attend entrance counseling before receiving the first loan payment.
• Attend exit counseling before leaving school or when you drop below half-time enrollment.
• Repay the loan, even if you do not complete your academic program, are dissatisfied with the education received, or are unable to find employment after graduation.
• Notify the Financial Aid Office and your lender's Loan Servicing Center promptly if you:
  
• Change your name or address
• Withdraw from school or drop below half-time enrollment
• Transfer to another school
• Fail to enroll or re-enroll in school during the academic period for which the loan was intended
• Graduate or change your expected date of graduation
  
• Make monthly payments on your loan(s) after leaving school, unless a deferment or forbearance has been granted.
• Notify your lender's Loan Servicing Center of anything that might alter your eligibility for an existing loan.

As a Federal Stafford Student Loan Borrower You Are ENTITLED To:

• Written information on your loan obligations, including consolidation and refinancing, and your rights and responsibilities as a borrower.
• A grace period and an explanation of what this means.
• A disclosure statement prior to beginning repayment that contains information about interest rates, fees, the balance owed, and repayment options.
• Deferment of repayment for certain defined periods, if you qualify and if you request it.
• A forbearance if you qualify and if you request it.
• Prepayment of your loan in whole or in part at any time without an early- repayment penalty.
• A copy of the Master Promissory Note when the loan is made.
• Documentation when your loans are paid in full.

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