Federal loan exit guidance provides important info to prepare you to definitely repay your federal figuratively speaking. For subsidized and unsubsidized loans, you need to finish exit guidance any time you: fall below half-time enrollment, graduate or keep college.
Exit guidance explains your legal rights and duties being education loan debtor and offers:
- Your loan that is outstanding stability
- An believed payment per month quantity
- A conclusion associated with the repayment that is various
- Benefits and drawbacks of loan consolidation
- Information loan that is regarding, deferments, and forbearance