Consequences of default, including adverse credit reports and litigation. Obligation to repay the full amount of loan even if the borrower withdraws, cannot find employment in the field of training, or is dissatisfied with the education received. Debt management strategies. Student responsibility upon leaving school. These forms can be completed and submitted to the Financial Aid department.
Considerations When considering a loan, act as a consumer.
You should choose a lender very carefully. You can select a lender from within your state of residence or within the state in which your college is located. You do not need to have a banking relationship with a lender in order to have a student loan processed. As a consumer, you need to be able to make an informed lender choice. It may take up to six weeks to process a loan using the standard method.