Graduation Requirements for Loan Borrowers

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Complete the Federal Stafford Loan Exit counseling

 

Review and verify the total amount of your Federal Loans at the National Student Loan Data System

 

Once you graduate:
  • Update your lender with any changes to your name, address or other contact information

  • Loan Repayment usually begins six months after you graduate. Contact your lender to establish a repayment plan

  • You may be eligible for loan deferment if:

    • You are continuing your education and will be enrolled at least half time

    • If you are unable to find employment and/or are facing other economic hardships, you may be eligible for forbearance (a temporary cessation of payments).

 

Your lender may sell your loans to a student loan servicer so keep in touch with your Federal Student Loan lender or Loan Servicer.