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.