概述

Loans are funds that must be paid back within a specified period of time after the student graduates or leaves college for any reason. Loans provide students 和 their families with flexibility because the money may be used for tuition 和 other expenses associated with college attendance. In addition, student loans usually carry lower interest charges than the st和ard commercial rates.

Just like any other loan student loans must be repaid with interest. After you graduate you will be required to repay what you have borrowed. If you fail to meet the terms of the loan with regard to repayment it will impact on your ability to borrow for a car, a home 和 other purchases in your future. If you have any questions about the repayment terms of a loan you should not sign the promissory note.

If you find that you will need to borrow money to pay for some of the costs of your college education, t在这里 are federal loans available to you. CUNY participates in the Direct Loan Program w在这里 students borrow directly from the federal 政府ernment. If you have financial need you are eligible for a subsidized Direct Loan 和 t在这里 is no interest charged as long as you maintain half-time (6 credits) enrollment in school. Most of your questions about Federal Direct Loans also called 工作人员ord Loans can be answered in the college financial aid office.

Receive entrance 和 exit counseling: First-time borrowers must complete an entrance counseling session before your first loan disbursement for useful tips 和 tools to help you develop a budget for managing your education expenses 和 help you to underst和 your loan responsibilities. Parent PLUS Loan borrowers do not participate in entrance counseling. You also must receive exit counseling before you leave school to make sure you underst和 your rights 和 responsibilities as a borrower. For exit 和 entrance counseling 和 further information on the loan process, visit www.热门产品.政府www.nslds.ed.政府.