Student Loan Essentials

As a federal student loan borrower, you are required to notify your school’s financial aid office and loan holder about certain events. 

You must notify your school’s financial aid office if: 

• You reduce your enrollment to less than half-time status 
• You withdraw from school 
• You stop attending classes 
• You don’t re-enroll for any term 
• You have a change in your expected graduation date 
• You change your name, local address, permanent address, or email address 

Shortly before your enrollment ends, you must participate in exit counseling with your school, during which you will update your loan records about your: 

• Permanent address 
• Email address 
• Telephone number 
• Future employer 

You must notify your loan holder if you don’t enroll: 

• At least half time for the loan period certified, or 
• At the school that certified your eligibility 

You must notify your loan holders promptly if any of the following events occur before loans held by your loan holders are repaid: 

• You change your address, telephone number, or email address 
• You change your name (for example, maiden name to married name) 
• You withdraw from school or begin attending less than half time 
• You transfer from one school to another 
• You change your employer, or your employer’s address or telephone number changes 
• You have any other change in status that would affect your loan (for example, the loss of eligibility for an unemployment deferment by obtaining a job)