Federal loan exit guidance provides information that is important prepare one to repay your federal figuratively speaking. For subsidized and unsubsidized loans, you need to finish exit guidance every time you: fall below half-time enrollment, graduate or keep college.
Exit guidance describes your liberties and duties being pupil loan https://speedyloan.net/installment-loans-wv debtor and offers:
- Your loan that is outstanding stability
- An believed monthly payment quantity
- A reason of this different payment plans
- Benefits and drawbacks of loan consolidation
- Information loan that is regarding, deferments, and forbearance
The type(s) of loan exit guidance you need to finish is dependent upon which federal educational loan(s) you’ve got lent.
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 extra information about Direct Loans (including present interest levels), visit https: //studentloans.gov/myDirectLoan/index. Action or the school funding workplace.
For all about 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 up with the exact exact same fundamental eligibility requirements as other detailed educational funding and sign up for no less than 6 monetary aid-eligible credits.
- Complete a complimentary Application for Federal scholar help or Renewal Application.
- If you’re a first-time Direct Loan debtor and have perhaps perhaps perhaps not gotten a Stafford Loan, complete Direct scholar Loan Entrance Counseling.Continue reading