Financial Aid Disclosures

The following Financial Aid Disclosures are provided to benefit current and prospective student and their parents. Knowledgeable individuals are able to make informed decisions about their role, their actions, and their responsibilities within the community. Included are key items disclosed in accordance with the federal Higher Education Act of 1965, as amended by the Higher Education Opportunity Act of 2008 (HEOA).

Additional Information

Loan Consolidation

Direct Loan Consolidation gives you the opportunity to combine multiple federal loans into one new loan. This will allow you to have one monthly payment if you have federal loans with multiple servicers. There are pros and cons to this option, and the Financial Aid Office is happy to discuss them with you. For additional information on federal loan consolidation check with your servicer or visit: studentaid.ed.gov.

Loan Cancellation

Cancelation can also be called forgiveness or discharge depending on the reason behind it. This means you are no longer responsible to pay all or part of your loan. Be sure you have the amount and cancelation details confirmed and organized so that you can take part in the program. For more information and details on the types and requirements for cancellation, please check with your servicer or visit: studentaid.ed.gov.

Loan Deferment and Forbearance

This allows the borrower to temporarily stop making payments, or to reduce the amount of the payments they are making on your Federal Direct Loans. This may help the borrower avoid default with federal loans. For more information, please check with your servicer or visit: studentaid.ed.gov

Exit Counseling for Student Borrowers

All Direct Loan borrowers are required to complete the Federal Direct Loan Exit Counseling Process online at studentloans.gov within 15 days of when they are no longer enrolled at least half time. The student should include Geneva as the school they are exiting. This process should be completed even if the student is enrolling in a different school. In addition, Federal Perkins Loan borrowers should complete exit counseling through Heartland ECSI at heartland.ecsi.net.

Complaints Regarding Student Loans

If you have a concern or complaint about any of your Federal Direct Loans, please contact Student Financial Services at finaid@mblayst.com. If it is a federal issue, you can also contact Federal Student Aid by completing a form at feedback.studentaid.ed.gov under Submit Feedback.

Financial Aid Disclosures