Consumer Information - Rights and Responsibilities

It is the student's responsibility to repay all Federal Stafford Loans and Federal Perkins Loans. Payments begin after the student graduates, withdraws from school, or drops to less than half-time attendance. Nonpayment of educational loans will seriously affect a student's borrowing opportunities and may jeopardize one's eligibility for further financial aid. It is important to read and understand the borrower's rights and responsibilities printed on the loan application and/or promissory note. Loans will be canceled and funds returned to the lender for the following reasons: 1) funds are not picked up within 3 days; 2) enrollment level is less than half-time; or 3) student withdraws from all classes. More information is available from both the Office of Student Financial Aid (103 Plumb Hall, 620-341-5457 or 1-800-896-0567) and the Perkins Loan office (103-O Plumb Hall, 620-341-5287).

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