Federal Perkins Loan e-Signature

FEDERAL PERKINS LOAN PROGRAM

ENTRANCE INTERVIEW

BORROWERS RIGHTS AND RESPONSIBILITIES ACKNOWLEDGEMENT

I understand that my FEDERAL PERKINS LOAN is a loan and must be repaid and I fully accept that responsibility.

I understand that my Federal Perkins Loan is for my educational expenses.

I understand repayment will begin if I am not registered at least half time after a 9 month grace period.

I will inform my school if my address, phone number, or name changes, if I leave school, transfer, or drop below half-time status, or if I change my graduation date.

I am not in default on any other Federal Perkins or any loans under the Federal Family  Education Loan Program or Federal Direct Student Loan Program nor do I owe any repayments on prior Federal Student Aid.

I understand that a loan that is one day past due is considered a defaulted loan.

I understand that all disbursements are reported to National Credit Bureaus.

I understand that there are various cancellation provisions if I am employed in certain professions.

I acknowledge that I have been fully informed of my rights and responsibilities under the  Federal Perkins Loan Program during my entrance interview.

 

Long Island University eSignature System