If you have borrowed more than $15,500 as a dependent student or $28,000 as an independent student in Federal Direct Loans you will need to complete a Responsible Borrowing Session each year you continue to borrow from the Federal Direct Loan program.
We will notify you through your Hawkeye email and My Hawkeye > Self-Service Menu > Financial Aid > Financial Aid Services if you need to complete a Responsible Borrowing Session.
In this session you will complete exercises that will help you keep your student loan borrowing to a minimum, as well as the tools to locate your Loan Servicer information and total loan debt.
To complete your Responsible Borrowing Session you must:
Watch the following two-minute videos:
Repayment: What to Expect: Learn about loan repayment options, selecting a repayment plan, and the role of loan servicers.
Responsible Borrowing: Learn about responsible borrowing, loan repayment, and carefully weighing the costs of college and potential income after graduation.
Complete the appropriate Borrowing Worksheet:
Return your completed worksheet along with additional printouts requested during the session to the Financial Aid office.