understanding Exit counseling

Federal loan exit guidance provides information that is important prepare one to repay your federal figuratively speaking. For subsidized and unsubsidized loans, you have to finish exit guidance every time you: fall below half-time enrollment, graduate or leave college.

Exit guidance describes your legal rights and duties as being a learning education loan debtor and offers:

  • Your loan that is outstanding stability
  • An believed payment per month quantity
  • A reason associated with different payment plans
  • Advantages and disadvantages of loan consolidation
  • Information loan that is regarding, deferments, and forbearance

The type(s) of loan exit guidance you have to finish is determined by which federal loan( that is educational) you have got lent.

Financial A

Virginia Western will not immediately award Federal Direct Student Loans. Students whom desires to get a Direct scholar Loan must submit a Federal Direct scholar Loan Request Form (PDF).

For more information about Direct Loans (including interest that is current), visit https: //studentloans.gov/myDirectLoan/index. Action or the educational funding workplace.

For informative data on consolidating a preexisting Stafford Loan with a Direct Loan, visit https: //studentaid. Ed.gov/sa/repay-loans/consolidation or call 800-557-7392 (TDD/TTY: 800-557-7395).

Figuratively Speaking

To request a Direct scholar Loan, pupils must meet up with the exact exact exact same eligibility that is basic as other detailed school funding and sign up for no less than 6 monetary aid-eligible credits. להמשיך לקרוא

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