Financial Aid Office
251 Campus Drive, MSOB x387 ▪ Stanford, CA 94305-5404
t: 650.723.6958 ▪ f: 650.723.6475
As required by the U.S. Department of Education, all first time student loan recipients must supply their school with the information
requested below prior to the first disbursement of thier funds. Please return the completed form to the financial aid office.
Borrower Information:
Name
SSN
Driver's License #/State
Former Last Name
Address
Telephone
Anticipated Date of Graduation
Initial
I understand the following:
I must repay my loan(s), including all accrued interest and deducted fees, even if I do not complete my education, am unable to
obtain employment, or am not satisfied with the education or services I received.
The minimum monthly payment for each loan is $50, but can be more depending on the amount borrowed. The repayment period
on Federal Stafford Loans begins the day after the six-month grace period expires.
I have a maximum of 10 years to repay my loan(s), unless I choose loan consolidation or another repayment plan with an extended
repayment term.
I may prepay all or part of my loan(s) without penalty.
If my loan(s) are sold to a new holder, I will be notified in writing. If the servicer changes, I must direct future correspondence to
the new servicer.
It is my responsibility to inform my lender or holder within 10 days if I:
* Change my name, address or telephone number.
* Change my academic status (drop below half time status, withdraw, transfer or change my graduation date).
If I am unable to make payments and do not qualify for a deferment, I may request forbearance from my lender(s).
If I fail to repay my student loans, I will be considered in default and may suffer the following negative consequences:
* My default will be reported to a national credit bureau and will negatively affect my credit rating.
* The entire unpaid balance, including interest, may become due and payable immediately.
* I may be sued to force payment and may be liable for the court and attorney fees if judgment is