We strongly encourage borrowers to carefully weigh the need for loans and to borrow only what is actually needed. We encourage you to estimate your education costs and understand your repayment obligations prior to borrowing.
For federal student loans, borrowers should be aware of the repayment options available (see below). In addition, there are a number of deferment or forbearance provisions available once the loan repayment begins (See “What is Loan Default” below.). For some qualifying programs and professions, such as teaching, federal and state loan cancellations may be available. Remember, loans must be repaid even if you did not complete your classes, your program and/or a degree.