Do I have to do exit counseling?
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.
What is entrance/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.
Why do you need references for exit counseling?
Why do I have to enter references? Federal regulations require postsecondary schools to collect reference and next of kin information during entrance and exit counseling so your loan holder will have additional contacts in case they’re unable to reach you in the future.
Do I complete exit counseling if I am going to grad school?
Exit counseling is required for all federal student loan borrowers. Borrowers who received a subsidized, unsubsidized or PLUS loan under the direct loan program must complete exit counseling when they drop below half-time enrollment, leave school or graduate. Understand your loan repayment terms and plan options.
Is entrance counseling important?
Entrance counseling ensures you understand the terms and conditions of your loan and your rights and responsibilities. You’ll learn what a loan is, how interest works, your options for repayment, and how to avoid delinquency and default.
What is plus credit counseling?
What is PLUS Credit Counseling? PLUS Credit Counseling will help students and parents understand the obligations associated with borrowing a PLUS loan and assist them in making careful decisions about taking on student loan debt.
Where can I get help with exit counseling?
Contact your school’s financial aid office for help with completing exit counseling. Do I need to complete exit counseling if I’m leaving school, but restarting a new program soon?
How does exit counseling work for Stafford Loans?
(a) Exit counseling. (1) A school must ensure that exit counseling is conducted with each Stafford Loan borrower and graduate or professional student PLUS Loan borrower either in person, by audiovisual presentation, or by interactive electronic means.
What does the 34 CFR say about exit counseling?
34 CFR § 682.604 – Required exit counseling for borrowers. § 682.604 Required exit counseling for borrowers. (a) Exit counseling.
How long does it take to complete exit counseling?
Exit counseling takes about 30 minutes to complete. You must complete it in one session; you cannot save and return to an incomplete session. What Do I Need?