| Stafford/Grad
PLUS Loan Entrance/Exit Counseling
Loan Entrance Counseling All first-time Stafford and/or Grad PLUS loan borrowers are required to complete an Entrance Interview. A first-time borrower is a student who is receiving a Stafford and/or Grad PLUS loan at Methodist University for the first time. Entrance Loan Counseling must be completed prior to the release of the first disbursement of loan proceeds. The session provides information about the financial aid process and student loans. This information includes:
In addition, the student must complete a quiz at the end of the counseling session. Students should contact the Office of Financial Aid with any questions. If borrowing a Stafford Loan only: Complete the Stafford Entrance Interview Counseling Session, if borrowing a Stafford Loan for the first time at Methodist University: Stafford Loan Entrance Interview Counseling If borrowing a Stafford Loan AND Grad PLUS Loan: Complete the Stafford/Grad PLUS Entrance Interview Counseling Session, if borrowing the Stafford Loan and Grad PLUS for the first time at Methodist University: Stafford Loan/ Grad PLUS Entrance Interview Counseling Loan Exit Counseling Session All students who received Stafford and Grad PLUS loans while attending Methodist University must complete Exit counseling at the time they cease to be enrolled at least half-time for more than six months. This includes students who are Graduating, drop to less than half-time, or officially/unofficially withdraw. Students who are Graduating must complete this process in order to get clearance for Graduation. Students must provide the names, complete addresses and phone numbers of at least two references on their Exit Counseling form. The references must be at different addresses (the first reference can be a parent or guardian) and should know the whereabouts of the student for at least three (3) years after he/she leaves Methodist University. The session provides information about repaying loan(s) which includes:
Contact information, the next of kin and references must be provided. In addition, the student must complete a quiz at the end of the counseling session. Students should contact the Office of Financial Aid with any questions. If borrowing a Stafford Loan only: Complete the Stafford Exit Counseling. If borrowing a Stafford Loan AND Grad PLUS Loan: Complete the combined Stafford Loan/Grad PLUS Exit Counseling. |
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The Office of Financial Aid
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