I am responsible for repaying my loans even if I am unable to secure employment after I complete my education or leave school. 

I am responsible for repaying my loans even if I do not complete my planned education. 

I am responsible to immediately notify my lender before the due date if I cannot make a payment. 

I am responsible for repaying my loans with accrued interest and any fees. 

I am responsible for repaying my loans in accordance with the terms and conditions of the Application/Promissory Note, unless my loans are consolidated or terms are changed. 

I am responsible to make a minimum monthly payment in accordance with the terms and conditions of the Application/Promissory Note.

I am responsible to notify my lender within 10 days if I change my name, address, social security number, telephone number, graduation date or employer. 

I am responsible to notify my lender within 10 days if I transfer to another school, enroll on a less than half time basis or leave school for any reason. 

I am responsible to repay my loan, because if I do not, I may be considered in default. If I am in default:

• The unpaid balance of my loan, including interest, becomes due immediately. 

• My loan will be assigned to the guarantor and they will report the default to national credit bureaus. 

• The guarantor my institute proceedings to collect my income tax refunds. 

• My loan may be assigned by the guarantor to the federal government for litigation. 

• My wages may be garnished. 

• I will be ineligible for any further federal or state financial aid. 

• My account may be forwarded to a collection agency, a civil suit may be brought against me to force repayment, and I may be held responsible for the expenses incurred in the attempt to collect, which includes attorney’s fees.