Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the terms of, schedules for and the necessity of loan repayment and required loan counseling?

April 26, 2017counseling loan necessity repayment Schedules terms

0

Posted

What are the terms of, schedules for and the necessity of loan repayment and required loan counseling?

1 Answer

0

Posted

When you, as a student borrower, sign any promissory note or statement, it means you understand the loan or statement and you recognize your responsibilities, and agree to honor them. Any type of loan is a serious legal obligation. You must repay the full amount of the loan with all accrued interest and deducted fees even if you do not complete your education.