Student loans, unlike grants and work-study, are borrowed money that must be repaid, with interest, just like car loans and home mortgages. You cannot have these loans canceled because you didn't like the education you received, didn't get a job in your field of study or because you're having financial difficulty. Loans are legal obligations that you'll have to repay. Exit counseling is required before you withdraw, graduate, or drop below half-time attendance (even if you plan to transfer to another school), helps you understand your rights and responsibilities as a student loan borrower, and provides useful tips and information to help you manage your loans. This federal student loan guide provides information on getting started, repaying your loan, what to do if you have trouble making payments, and discharge and forgiveness. Additional resources, a Borrower's Rights and Responsibilities form, and a Student Contact Information form are also included.