Keeping the Lender Informed
The borrower must notify the holder of the loan if, before the loan is
repaid, one or more of the following changes occurs.
- Change in borrower's name.
- Change in borrower's graduation date.
- Borrower leaves school or falls below half-time enrollment status (less
than six credit hours).
- Change in borrower's address.
- Borrower transfers to another school.
- Change in borrower's telephone number.
Provide students with a sample letter for student notifications to
lenders/servicers for keeping the lender informed of status changes.