Loan Counseling
Federal Direct Loan Counseling
The Federal Government requires that all first-time Federal Stafford Loan borrowers complete an entrance counseling session before they receive any loan proceeds. This session is designed to provide the borrower with important information about the Federal Stafford Loan program, including your rights and responsibilities as a borrower.
It is important that you complete this session as soon as possible. You may not use your loan as credit against your bill until this requirement is satisfied. Disbursement of your loan funds will not occur before you complete this session.
Federal Direct Stafford Loan Entrance Counseling
In order to complete the Entrance Counseling online, follow these steps:
- Go to www.studentloans.gov and then
- Click on the green SIGN IN button (left side of screen)
- Sign in with your SSN, first two letters of your last name, DOB, and PIN (this is all student's information).
- Select "Complete Entrance Counseling"
Federal Direct Stafford Loan Exit Counseling
The Federal Government requires that all Federal Stafford Loan borrowers who graduate or drop below half-time enrollment (6 credits per semester) complete an exit counseling session. This session is designed to provide borrowers with important information regarding rights and responsibilities as well as repayment information.
BEFORE CONTINUING, gather the following information. You will need to enter it on the Student Information Form.
- Your permanent address and phone number (If this is new information, you must also contact your lender/servicer to update your record. The information entered on this form will be used for tracking purposes only.
- Your driver's license number
- The complete name, address, and phone number of your closest relative
- The complete name, addresses, and phone numbers of 2 other references
Exit counseling can be completed at www.nslds.ed.gov
NOTE: If you had Federal Stafford Loan at Shippensburg University, you are required to complete exit counseling.
Federal Direct Graduate PLUS Loan Entrance Counseling
The Federal Government requires that all first-time Federal Graduate PLUS Loan borrowers complete an entrance counseling session before they receive any loan proceeds. This session is designed to provide the borrower with important information about the Federal Graduate PLUS Loan program, including your rights and responsibilities as a borrower.
It is important that you complete this session as soon as possible. You may not use your loan as credit against your bill until this requirement is satisfied. Disbursement of your loan funds will not occur before you complete this session.
In order to complete the Entrance Counseling online, follow these steps:
- Go to www.studentloans.gov and then
- Click on the green SIGN IN button (left side of screen)
- Sign in with your SSN, first two letters of your last name, DOB, and PIN.
- Select "Complete Entrance Counseling"