Congratulations on your upcoming graduation! We want to ensure that you have a strong financial footing once you depart from Pitzer. Thus, it is important to understand more about your loans.
Exit Counseling
All students who borrowed through the Federal Direct Loan Program, the former Federal Perkins Loan Program or Pitzer’s College Loan Program are required to complete exit counseling.
Complete exit counseling by Friday, April 14 to avoid a hold on your cap and gown.
Pitzer学院 & Federal Perkins Loan borrowers: Contact Elizabeth Vidales (e[email protected]) in the Student Loan Department at The Claremont Colleges Services Office to complete this exit counseling.
Federal Direct Subsidized/Unsubsidized Borrowers: 完成这个 exit counseling 在网上 Federal Student 援助 网站.
贷款概述
访问 Federal Student 援助 and go to “My 援助” to view your federal aid history and your lender’s contact information. 美国.S. Department of Education will usually assign your loan to a servicer who will manage your payments.
还款 Plans
There are various repayment plans to help students avoid default and hurting their financial future. 参观 Federal Student 援助 网站 for all repayment plan options.
Available 资源
术语
银行
A lender is the organization that made the loan (borrower’s school, bank, credit union, etc.). |
服务机构
The servicer is the company that processes your payments and manages your loan. |
Exit Counseling
A mandatory information session that takes place before you graduate or drop below half-time enrollment that explains your loan repayment responsibilities and when repayment begins. |
宽限期
For certain types of loans, a period of time after you graduate, 离开学校, or drop below half-time enrollment when you are not required to make payments. |
还款
还款 is paying back money you borrowed by making scheduled payments to a loan holder or servicer. |
延期
A temporary postponement of payment on a loan that is allowed under certain conditions during which interest generally does not accrue on a subsidized loan. |
主要
The total sum of money borrowed plus any interest that has been capitalized. |
资本化
The addition of unpaid interest to the principal balance of a loan. |
忍耐
A period during which your monthly loan payments are temporarily suspended or reduced. Your lender may grant you a forbearance if you are willing but unable to make loan payments due to certain types of financial hardships. |
默认的
默认的 is failure to repay a loan outlined in the agreed promissory note. Most federal student loan default occurs when a payment isn’t made in more than 270 days. It can result in legal consequences and a loss of eligibility for additional federal student aid. |
