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ENTRANCE COUNSELING EXIT COUNSELING Form
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People also ask
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What is exit counselling?
You must complete exit counseling when you leave school or drop below half-time enrollment. The purpose of exit counseling is to ensure you understand your student loan obligations and are prepared for repayment. You'll learn about what your federal student loan payments will look like after school.
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Is loan exit counseling required?
Yes, you must complete exit counseling when you withdraw, drop below half-time enrollment, or leave school for any reason. Who do I contact if I need help with exit counseling? Contact your school's financial aid office for help with completing exit counseling.
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Do I have to complete entrance counseling?
If this is the first time you're receiving a subsidized, unsubsidized, or PLUS loan under the Direct Loan Program or the Federal Family Education Loan (FFEL) Program, you need to complete entrance counseling before receiving your loan.
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What happens if you don't do loan exit counseling?
Failure to complete exit counseling could mean your school may withhold your official transcript and diploma. If this is the case, you may still be allowed to walk in your school's graduation, but each school handles this differently.
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What happens if I don't complete exit counseling?
Failure to complete exit counseling could mean your school may withhold your official transcript and diploma. If this is the case, you may still be allowed to walk in your school's graduation, but each school handles this differently.
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Who should complete exit counseling?
Students who have received a subsidized, unsubsidized or PLUS loan(s) under the William D. Ford Federal Direct Loan (Direct Loan) Program or the Federal Family Education Loan (FFEL) Program, must complete exit counseling each time they drop below half-time enrollment, graduate, or leave school.
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What is entrance and exit counseling?
The Higher Education Act of 1965 requires colleges to provide borrowers of federal student loans with loan counseling. Entrance counseling occurs before the loan is disbursed and exit counseling occurs shortly before the student graduates or drops below half-time enrollment.
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Do you have to complete loan entrance counseling?
Entrance counseling for undergraduate students is required if you have not previously received a Direct Subsidized Loan or a Direct Unsubsidized Loan.
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