Entrance and Exit Loan Counseling For Undergraduate, Graduate/Professional Students
"Entrance and Exit Loan Counseling For Undergraduate, Graduate/Professional Students" submitted by SchoolGrantsfor Editorial Team and last updated on Monday 9th January 2012
Complete loan entrance counseling before you receive your first loan disbursement, and exit counseling before you leave school. This session provides you with useful tips and tools to help you develop a budget for managing your educational expenses and helps you to understand your loan responsibilities. Parent PLUS Loan borrowers do not participate in entrance counseling.
You must receive exit counseling before you leave school to make sure you understand your rights and responsibilities as a borrower. You will receive information about repayment and your loan provider will notify you of the date loan repayment begins (usually six months after you graduate, leave school or drop below half-time enrollment). Parent PLUS Loan borrowers do not participate in exit counseling.
Types of Entrance and Exit Counseling Available:
- Perkins Entrance Counseling
- Stafford and Grad PLUS Entrance Counseling
- Stafford Exit Counseling
- Perkins Exit Counseling
- Grad PLUS Exit Counseling
- Stafford and Grad PLUS Exit Counseling
You have a right to know the details of your loan (depending on your loan, some of the following might be included as part of your entrance counseling). Any questions may be directed to the Financial Aid Office. This quick and easy interactive counseling session provides useful tips and tools to help you develop a budget for managing your educational expenses and helps you to understand your loan responsibilities. This online entrance counseling session will take about 20-30 minutes to complete.
This Loan Counseling helps you understand your rights and responsibilities as a Direct Loan borrower and/or TEACH Grant recipient and provides information and terms to help you make the right choices. You’ll get more information about repayment choices before you leave school (exit counseling), and later, during your grace period, from your loan holder.