Stafford Loan Entrance and Exit Interview

Stafford Loan Entrance Interview
Students that are eligible to receive a Stafford loan must complete a Stafford Loan Entrance Interview that can be conducted online.  Regulations require that you complete an entrance counseling session before any Stafford Loan disbursements take place. The counseling session provides information about how to manage your student loans, both during and after college.

This quick and easy interactive counseling session provides useful tips and tools to help you develop a budget for managing your educational expenses. It also helps you understand your loan responsibilities when you enter repayment.  Itís important to fully understand all of the content specified in the entrance counseling session, since it was developed to assist you in your financial decision-making, while in school.

Pursuing your education is a major investment in your future. If you decide to make student loans a part of this investment, managing the debt you incur is an important part of planning for your future.
Stafford Loan Exit Interview

NSLDS (National Student Loan Data System) Exit Counseling is a tool you may use to complete your Loan Exit Counseling requirements.

It is a requirement by your school and the federal government to complete a student loan exit counseling interview. Failing to complete your exit counseling interview could prevent you from graduating, receiving your diploma, obtaining your transcripts to attend another school, and receiving any student account refunds owed to you from your school.
Most schools give you an option to complete the exit counseling requirement online through an online exit counseling seminar. If your school informs you that you'll be using an online service, here are some tips.

Before you begin you should have the following information available for each of your school loans. You will need to fill out:

1.  Your "proof of completion" certificate.

2.  Names of your lender(s) and Guarantor(s)

3.  Telephone numbers for each Loan amount, interest and estimated monthly payment for each loan

4.  Name, address and telephone number of the nearest relative and two other references

5.  Name, address and telephone number of expected employer (if known)

6.  The exit counseling interview will provide you with:

7.  Information on how to manage your student loan repayment

8.  Your rights & responsibilities as a borrower in the federal student loan program

9.  Forbearance, deferment, hardship, disability, discharge and forgiveness information

10.  Other important loan servicing and default consequence information

Once you have completed your student loan exit counseling interview, you should consider consolidating your federal student loans, which could lower monthly payments up to 53%.

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