Loan Entrance Interview

STEP 3: Loan Entrance Interview Form Please print this form, sign and date it, and then submit it to the Student Services Center (11-120) or Loan Services (11-320).

• written information on my loan obligations and information on my rights and responsibilities as a borrower
• a grace period and an explanation of what this means
• a loan disclosure statement before I begin to repay my loan, that 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
• repayment of my loan in whole or in part any time without a repayment penalty
• a copy of my promissory note either before or at any time my loan is made
• proof of discharge (cancellation) when my loan obligation is fulfilled

I understand I am responsible for the following:

• attending exit counseling before I leave school or drop below half-time enrollment
• repaying my loan even if I don't complete my academic program, I am dissatisfied with the education I received, or I am unable to find employment after I graduate
• notifying the MIT Student Financial Services/Loan Services and 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 re-enroll in school for the period for which the loan was intended
  • change my expected date of graduation
  • graduate
• making monthly payments on my loan(s) after I leave school, unless I have a deferment or a forbearance
• notifying the U.S. Department of Education's Direct Loan Servicing Center of anything that might alter my eligibility for an existing deferment on my Federal Direct Stafford/Ford Loan or the MIT Student Financial Services/Loan Services on my Federal Perkins and Technology Loans.

I ATTEST THAT I HAVE READ AND UNDERSTAND MY LOAN RIGHTS AND RESPONSIBILITIES AND MY REPAYMENT OBLIGATIONS. I HAVE THEREFORE COMPLETED MY LOAN ENTRANCE INTERVIEW REQUIREMENT.

Signature:	__________________________________________
Date:	_________________