When a student takes on a student loan he/she has certain rights and responsibilities
The borrower has the right to receive the following information before the first loan disbursement:
The borrower has the right to receive the following information before leaving school:
The borrower has a responsibility to:
The Department of Education requires that any students receiving Federal Direct loans be notified concerning their loans. The University counsels each student regarding loan indebtedness and gives each student an entrance test and mails an exit interview regarding the loan to make sure the student understands the amount borrowed and the student's rights and responsibilities regarding repayment. The student must report to the Student Accounts Office prior to withdrawal or graduation for loan counseling. The purpose of this session is to inform the student of their tentative total loans received while in attendance at the University, refunds that may be made, and to provide the student with an estimated payment schedule. If the student is unable to meet with the Student Finance Office, an exit interview will be mailed. Students are also informed of the option to conduct entrance and exit interviews online at NSLDS Student portal. Student must login using their personal identifiable information and FASFA PIN. Click here for access to the NSLDS Student portal.
In order to qualify for any form of financial aid, the student must be enrolled in a program which is approved for financial aid by the US Dept. of Education. Contact Stratford University's Student Accounts Office for more specific information. See the student accounts office, the student loan default specialist, or the Debt Management Guide located in the Student Accounts Office to find out more information regarding deferments and forbearances.
We’ve teamed up with Solutions at ECMC to answer all of your student loan repayment questions. Solutions is a service of the non-profit organization ECMC and is dedicated to helping students manage educational loans. Their resources are available to you free of charge. To contact a Solutions Student Loan Repayment Advisor, email or web chat, or call them at 1-877-331-3262.