Read and respond, if necessary, to all materials sent to you from the Financial Aid Office, your lender or guarantee agency. Know and comply with rules governing the aid you are receiving including enrollment requirements and satisfactory progress. Know the conditions of any loan you borrow. As part of the federal government's initiative to reduce defaults on student loans, all borrowers receiving a Federal Stafford Loan must complete a Loan Entrance Counseling form at the time that they are applying for the loan. In addition, students will need to complete a Loan Exit Counseling form prior to graduation or separation from school.
Students are responsible for understanding the conditions and repayment terms of their loans.
Pay any tuition, fees, room, board or other expenses not covered by financial aid. Students may appeal decisions regarding financial aid COA figures by completing a Budget Adjustment Request Form. Budget adjustments may be possible for reasonable educational related expenses. Documentation must be provided whenever necessary. back to top How to borrow wisely Don't borrow without looking into alternate methods of financing your education, i.e. scholarships, fellowships, employee tuition reimbursements, savings, family, etc. If you are borrowing from the Private Loan Programs, look for low interest rates and repayment incentives.