Fillable Exit Counseling Rights and Responsibilities Summary Checklist

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Exit Counseling Rights and Responsibilities Summary Checklist

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The Exit Counseling Rights and Responsibilities Summary Checklist form is 1 page long and contains:

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  • 13 check-boxes
  • 3 other fields

Country of origin: US
File type: PDF

U.S.A. forms for Hudson Valley Community College

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Exit Counseling Rights and Responsibilities Summary Checklist
I understand that I have a right to the following: (Check off each box as you read.)
Written information on my loan obligations and information on my rights and
responsibilities as a borrower
A grace period and an explanation of what this means
A disclosure statement, received before I begin to repay my loan, that includes
information about interest rates, fees, the balance I owe, and the number of
payments
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 while or in part any time without an early-repayment
penalty
A copy of my promissory note either before or at the time my loan is disbursed
Documentation that my loan is paid in full
I understand that I am responsible for:
Completing exit counseling before I leave school or drop below half-time
enrollment
Repaying my loan even if I do not complete my academic program (under certain
circumstances), I am dissatisfied with the education I received, or I am unable to
find employment after I graduate
Notifying my loan servicer if I move/change my address or change my name
Making monthly payments on my loan after my grace period ends, unless I have a
deferment or a forbearance
Notifying my loan servicer of anything that might change my eligibility for an
existing deferment or forbearance
I have received exit counseling materials for Direct Subsidized Loan and Direct
Unsubsidized Loan borrowers. I have read and I understand my rights and
responsibilities as a borrower. I understand that I have a loan from the federal
government that must be repaid.
__________________________________________ ___________________________
Name (Please Print) HVCC ID
__________________________________________ ___________________________
Signature Date
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Exit Counseling Rights and Responsibilities Summary Checklist

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Completed 19 February 2020

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