Loan Disbursement and Repayment Information
Responsible borrowing helps you pay for college, but also helps you establish a good credit history. Similarly, not making your regular monthly payments can result in a poor credit rating or even default.
It’s important to understand that your loan is a legal obligation and that you will be responsible for repaying it with interest. You may not have to begin repaying your federal student loans right away, but you should understand your responsibilities as a borrower before you take out a loan.