|
|
|
|
|
|
| Return to Savvy Consumer Information Center - Home Page |
If you're a first-time borrower, you'll most likely attend an entrance counseling session, but you must, at a minimum, receive entrance counseling materials from your school before your loan money can be credited to your school account or delivered to you. Many of the topics covered in this booklet will be covered in greater detail in the counseling sessions and in the written entrance counseling materials.
Be sure you understand all the terms and conditions of your loan and your rights and responsibilities as a borrower.
Your school will pay you in one of two ways:
Credit your account with the school for tuition, fees, and other allowable
charges. If you have a contract with the school for room and board, the school
may also credit your school account to pay for your room and board. Any
remaining amount will be paid to you by check, given to you as cash, or - with
your permission - transferred electronically to your bank account.
Pay you
the entire amount by check or other method that requires your endorsement or
certification.
How to Apply
![[Table of Contents]](http://www.pueblo.gsa.gov/cic_text/family/loandir/up.gif){kind=small}
What Happens Next?
| Return to Savvy Consumer Information Center - Home Page |
|
|
|
|
|
|
|
Get the Savvy Consumer Newsletter! (FREE)
|
|