Entrance counseling – First-time borrowers under the Federal Stafford Loan Program are required to complete an online loan counseling session before loan funds can be disbursed. The session is designed to inform student borrowers of their rights and responsibilities under the Federal Stafford Loan program. Entrance counseling for new borrowers under the Federal Perkins Loan is done at the time students sign their electronic Federal Perkins Loan Master Promissory Note (MPN). Nursing Student Loan borrowers must also complete online student loan counseling.
Exit counseling – Students separating from the college due to graduation, withdrawal, leave of absence, dismissal, or less-than-half-time enrollment are required to complete an online loan exit counseling session. The session is designed to help students avoid the pitfalls of default by informing them of their repayment obligations as well as their deferment and forbearance rights under the loan programs from which they borrowed.