As being pupil loan debtor, you’ve got specific liberties and obligations regarding your loan. Student Rights and Responsibilities The main purpose of these pages is to offer information that is up-to-date borrowers’ legal rights, obligations, and re payment choices readily available for each kind of education loan available. Your Legal Rights being a Borrower: You’re eligible to get exit guidance that will help you comprehend your payment responsibility. Your loan remains due without having the exit guidance. You will be eligible to a payment schedule.