Federal loan exit guidance provides information that is important prepare you to definitely repay your federal figuratively speaking. For subsidized and unsubsidized loans, you need to finish exit counseling any time you: fall below half-time enrollment, graduate or keep college.
Exit guidance describes your liberties and obligations as pupil loan debtor and offers:
- Your loan that is outstanding stability
- An believed payment per month amount
- A conclusion regarding the 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 need to finish is determined by which federal loan( that is educational) you have got lent.
Virginia Western will not Federal Direct Student that is automatically award 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 present interest levels), visit https: //studentloans.gov/myDirectLoan/index. Action or the educational funding workplace.
For info 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).
To request a Direct scholar Loan, pupils must meet with the exact exact same eligibility that is basic as other detailed educational funding and sign up for at the least 6 monetary aid-eligible credits. Read more ›