student loan repayment manual table of contents - Tufts University
student loan repayment manual table of contents - Tufts University
student loan repayment manual table of contents - Tufts University
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STUDENT LOAN REPAYMENT MANUAL20123Sandra M. PearsonDirector <strong>of</strong> Financial AidRosemary HilliardAsst. Director <strong>of</strong> Financial AidNikki Lowe LaneAsst. Director <strong>of</strong> Financial AidIntroductionThe purpose <strong>of</strong> this <strong>manual</strong> is to assist you in understanding your <strong>student</strong> <strong>loan</strong> <strong>repayment</strong> obligations,providing necessary guidance as you transition into <strong>student</strong> <strong>loan</strong> <strong>repayment</strong>. This information details yourrights and responsibilities towards your <strong>loan</strong>s and is used in conjunction with the <strong>student</strong> <strong>loan</strong> exitcounseling that all federal <strong>student</strong> <strong>loan</strong> borrowers are required to complete to obtain administrativeclearance for graduation or receive non-senior administrative clearance should the <strong>student</strong> be consideredwithdrawn. The <strong>manual</strong> is an excellent resource for you to use to help you understand your options for<strong>repayment</strong> <strong>of</strong> your <strong>student</strong> <strong>loan</strong>s, but realize that your options could change at some future point because <strong>of</strong>legislative initiatives that affect <strong>student</strong> <strong>loan</strong>s. Your lenders and <strong>loan</strong> servicers, as well as the Financial AidOffice, remain good sources <strong>of</strong> information to provide updates on regulations that might affect your<strong>repayment</strong> options.Students who have only borrowed private education <strong>loan</strong>s (with the exception <strong>of</strong> the <strong>Tufts</strong> Loans) are notrequired to complete the <strong>student</strong> <strong>loan</strong> exit counseling requirement. However, they are advised to reviewthe pertinent areas <strong>of</strong> this <strong>manual</strong> and contact their private education <strong>loan</strong> lenders/<strong>loan</strong> servicers to updatetheir contact information and for further information pertaining to <strong>repayment</strong> <strong>of</strong> their <strong>loan</strong>(s).The <strong>manual</strong> reviews the following <strong>loan</strong> programs:Federal Family Education Loan Programs (FFELP) and Federal Direct Loan ProgramFederal Stafford Loan and Federal Direct LoanSubsidizedUnsubsidizedGrad PLUS Loan and Federal Direct Grad PLUS LoanFederal Perkins LoanFederal Consolidation Loan (including Early Repayment Consolidation Loans)<strong>University</strong> Loans<strong>Tufts</strong> LoanHealth Pr<strong>of</strong>essions Loan ProgramsHealth Pr<strong>of</strong>essions Student Loan (HPSL)Loans for Disadvantaged Students (LDS)Private Educational Loans
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