For information on what to consider before you borrow money
to pay for your education,
an As an education loan borrower, I have the
copy of my promissory note either before or at the time
my loan is disbursed.
Written information on my loan obligations and
information on my rights and responsibilities as a
A grace period and an explanation of what it means.
A disclosure statement, received from my lender or loan
servicer before I begin to repay my loan, that includes
information about interest rates, fees, the balance I
owe, and available repayment options.
Deferment of repayment for certain defined periods, if I
qualify and if I request it.
Forbearance, if I qualify and if I request it.
Prepayment of my loan in whole or in part any time
without an early-repayment penalty.
Documentation that my loan is
paid in full.
Information on the average loan indebtedness of LHU
student loan borrowers.
As an education loan borrower, I am
Completing entrance counseling before receiving loan funds.
Completing exit counseling before I leave school or drop
below half-time enrollment.
Repaying my loans according to the terms and conditions
of my loan agreement.
Making timely monthly loan payments after my grace
period ends, unless I have a deferment or forbearance.
Notifying my lender or loan servicer prior to my payment
due date if I cannot make payments on time.
Notifying my lender and/or loan servicer of anything
that might alter my eligibility for an existing
deferment or forbearance.
Repaying my loan even if I do not complete my academic
program, I am dissatisfied with the education I
received, or I am unable to find employment after I
Notifying my lender and/or loan servicer if I change my
name, address, phone number, or enrollment status.