Disclosure, provided at the time of approval, which contains the specific terms such as the interest rate, fees, repayment terms, cost estimates, Federal loan alternatives and other key information about the private education loan. The disclosure explains the steps the borrower must take to accept the terms of the loan. The consumer has 30 calendar [..]

A disclosure required by the U.S. Department of Education and federal regulation that is sent to the borrower and cosigner, if applicable, after all required, acceptable documentation, if applicable, and certification from the borrower's school is received. The borrower and cosigner must proactively accept the loan terms outlined in the disclo [..]