Is a legal document in which you promise to repay your loans and all interest and expenses accrued to the U.S. Department of Education. It also explains the terms of your loan (s). You can do this for www.studentaid.gov students who receive a federal student loan must obtain entrance advice. You can finalize it now at www.studentaid.gov online credit application – this must be finalized by all online students. If this is your first time to accept a federal student loan, you must recognize that you understand your responsibility for repaying your loan. If you already have federal credits for students, you need to recognize that you understand how much you owe and how much you can borrow. This must be done every year at www.studentaid.gov. It is necessary before you retire, graduate or move to half-time (even if you plan to change schools). You can lock it on www.studentaid.gov.