Both subsidized and unsubsidized loans are variable interest rate loans. The student will be notified of interest rate changes throughout the life of the loan. First time borrowers are required by law to attend an entrance loan counseling session prior to receiving their first loan check. As part of the College's default management policy, Barton requires loan counseling for every loan certified. Additional information concerning rights and responsibilities regarding loans is provided at entrance and exit loan counseling.
Loans are an effective and reliable method of funding higher education.
It is your responsibility to know all of the terms and conditions of the loan. You should stay with one lender throughout your college career, if at all possible. You are expected to know what options and responsibilities you have regarding repayment. Failure to repay a loan will cause you serious consequences, possibly including, but not limited to, ineligibility for other financial aid, withholding of tax refunds by the Internal Revenue Service, difficulty in obtaining credit, and the garnishing of wages. Students should carefully review their situation before borrowing.