I am required by federal law to complete an Exit Interview Form upon exiting Clarion University. I can do this by signing onto the web at www.pheaa.org and click on "Exit Interview".
I understand the following information about my student loan(s):
1. I must repay my loan(s) within ten years, unless my loans are consolidated or I have utilized special repayment options, such as income-sensitive repayment, or have qualified for a deferment or forbearance.
2. I may consolidate my loan(s) to extend the repayment period and lower the monthly payment, but the interest rate and total amount of interest paid may be higher.
3. I may prepay all or part of my loan(s) at any time without penalty.
4. I must notify my lender in writing within 10 days if:
- I change my name.
- I change my address.
- I change my telephone number.
- I change my social security number.
- I change my references.
5. I must repay my loan(s) even if I don't complete my education.
6. I will be notified in writing if my loan(s) are transferred to a new holder. I must direct all future correspondence to the new holder of the loan(s).
7. If I return to school after a six month grace period, my loans will be placed in a deferment status.
8. I understand that I must be in satisfactory academic progress standing upon my return to Clarion University to be eligible for financial aid. I understand that I must have 21 new credits each academic year to receive federal aid, including Pell Grants, SEOG Grants, Stafford Loans, Plus Loans, and Perkins Loan.
9. I understand that I must have 24 new credits each academic year to receive PHEAA State Grants.
10. I understand that early withdrawal my result in my needing to repay loans and/or grants.
For specific circumstances, I understand that I must contact the Financial Aid Office at (814)393-2314.
