Entrance and Exit Counseling Requirement
Loan Entrance Counseling
All students eligible to receive Direct Federal Loans must complete the Loan Entrance Counseling before federal funding can be disbursed. Entrance counseling provides borrowers with comprehensive information on the terms and conditions of the loan they are about to receive, and their responsibility to repay the loan.
PLUS Loan Credit Counseling
Special loan counseling is required for any student or parent Direct PLUS loan applicant who has been determined to have an adverse credit history, but who qualifies for a Direct PLUS loan either by getting a loan endorser or by documenting to the satisfaction of the Department of Education that there are extenuating circumstances related to the adverse credit.
Loan Exit Counseling
Students who have borrowed through the Federal Direct Loan Program (Subsidized, Unsubsidized or Graduate PLUS) while at United States University are required by law to complete an exit counseling session if they are graduating, withdrawing, or dropping below half-time enrollment. This web-based, exit counseling session has been created to make sure all students understand their rights and responsibilities as a Federal Direct Loan borrower. The topics covered in the web-based exit counseling session are:
- Summary of total Federal Direct Student loan indebtedness
- Summary of total non-Federal Direct Student loan indebtedness, including FFEL and Perkins loans
- Interest rates
- Information about entering repayment
- Repayment plan options
- Making payments
- Choice of monthly payment date
- Prepayment
- Consequences of default
- Loan consolidation
- Deferments
- Forbearances
- Loan discharge
- Information on how to contact the Direct Loan Servicing and Loan Consolidation centers
- Information on the Direct Loan website
In order for United States University to be notified that exit counseling has been completed, be sure the University is listed as one of the schools to notify. This question will be asked after the session and the quiz is completed. If the University is not listed, the borrower will have to provide United States University with a copy of the Borrower's Information and the Rights and Responsibilities Summary Checklist that can be printed during the online exit counseling session.