Under federal financial aid guidelines, all federal student loan borrowers who graduate, drop below half-time, or withdraw from California Institute of the Arts are required to complete federal loan exit counseling. During exit counseling, an overview of borrower rights, responsibilities, and repayment options will be provided. Topics covered include: loan repayment options, deferment, forbearance, delinquency and default, loan consolidation, and loan forgiveness programs. Additional financial resource materials and links are also provided to support responsible debt management practices.
You must complete federal loan exit counseling within 30 days of notification from California Institute of the Arts that exit counseling is required.
The US Department of Education created and maintains a database of all students’ federal loan data, making it simple for students to keep track of all loans borrowed throughout the course of their educational career. Borrowers can log into their studentaid.gov account to view their account dashboard which will display the loans borrowed and grants received.
Students can learn more about the federal repayment plans at studentaid.gov and use the loan simulator to understand more about monthly payments, as well as consolidation and what monthly payment plans may be best for you at the link below.
