IMPORTANT THINGS YOU SHOULD KNOW
A copy of the Standards of
Statisfactory Academic Progress is available in the Office of Scholarships
& Financial Aid.
A copy of Southern Polytechnic
State University's Refund and Repayment Policy is available in
the Office of Fiscal Affairs.
You should report address
and name changes to the Registrar's Office and the Financial Aid Office
to
update your official records at Southern
Polytechnic State University.
The telephone number for the
Office of Scholarships & Financial Aid is (678) 915-7290. The
fax number
is (678) 915-7301. The e-mail
address is Financial_Aid@spsu.edu.
The school will make your
Direct Loan Disbursements in 2 disbursements, one at the beginning of the
loan period and one at the midpoint.
Please note that if you are a first time borrower you loan can not be
disbursed until 30 days after the beginning
date of the loan period.
The US Department of Education's
Direct Loan Servicing Center telephone is 1-800-848-0978.
The address where you should
send any prepayments or interest payments on your loan is:
US Department of Education
Direct Loan Payment Center
Post Office Box 78451
Phoenix, AZ 85062-8451
RIGHTS & RESPONSIBILITES AS A DIRECT LOAN
BORROWER
I understand that I have a right to
the following:
-
written information on my loan obligations and information on my rights
and responsibilites as a borrower
-
a grace period and an explanation of what this means
-
a disclosure statement, received before I begin to repay my loan, this
includes information about interest rates, fees, the
balance I owe, and the number of payments
-
deferment of repayment for certain defined periods, if I qualify and if
I request it
-
forbearance, if I qualify and if I request it
-
prepayment of my loan in whole or in part any time without an early-repayment
penalty
-
a copy of my promissory note either before or at any time my loan is disbursed
-
documentation that my loan(s) are paid in full
I understand I am responsible for:
-
attending exit counseling before I leave school or drop below half-time
enrollment
-
repaying my loan even if I do not complete my academic program, I am dissatisfied
with the education I received, or I am unable to find employment after
I graduate
-
notifying the school and the Direct Loan Servicing Center if I: move, change
my address, change my name, withdraw from school or drop below half-time
enrollment, transfer to another school, fail to enroll or reenroll for
the period for which the loan was intended, change my expected date of
graduation or graduate.
-
making monthly payments on my loan(s) after I leave school, unless I have
a deferment or a forbearance
-
notifying the US Department of Education's Direct Loan Servicing Center
of anything that might alter my eligibility for an existing deferment
Please answer the following question:
Which statement is correct?
A) You should report address and
name changes to the Registrar's Office and the Financial Aid Office to
update your official records at Southern Polytechnic State University.