Loan Obligations. If you obtain a loan to pay for an educational program, you will have the responsibility to repay the full amount of the loan plus interest and fees, less the amount of any refund. If you are eligible for a loan guaranteed by the federal or state government and you default on the loan, both of the following may occur: 1) The federal or state government or a loan guarantee agency may take action against you, including applying any income tax refund to which you are entitled to reduce the balance owed on the loan. 2) You may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid.
Appears in 8 contracts
Samples: Enrollment Agreement, Enrollment Agreement, Enrollment Agreement
Loan Obligations. If you obtain a loan to pay for an educational program, you will have the responsibility to repay the full amount of the loan plus interest and fees, less the amount of any refund. If you are eligible for a loan guaranteed by the federal or state government and you default on the loan, both of the following may occur:
1) The federal or state government or a loan guarantee agency may take action against you, including applying any income tax refund to which you are entitled to reduce the balance owed on the loan.
2) You may not be eligible for any other federal student financial aid at another institution or other government financial assistance until the loan is repaid.
Appears in 3 contracts
Samples: Enrollment Agreement, Enrollment Agreement, Enrollment Agreement
