Student Loan Counseling
Funding your education through student loans is a major investment
Entrance and exit counseling help guide you understand your loans and assist you in healthy financial planning.
First-time borrowers of student loans must complete loan counseling prior to receiving a Direct Loan. Loan Counseling is designed to help you ensure that you understand the responsibility and obligation students are assuming when borrowing these types of student loans. Before the Office of Financial Aid is able to disburse loan funds, it must have record that you have completed a loan entrance counseling session. Students can log onto studentloans.gov and, using your FSA ID and password, access the online counseling provided by the the Department of Education. Results of the completion of the counseling session will be forwarded to the financial aid office.
Students new to NEOMED are encouraged to attend a voluntary summer session held in August where the concepts covered during the loan entrance counseling session are explained further.
Supplemental Entrance Counseling Workshop Objectives
- Understand loan terms and conditions
- Know borrower rights and responsibilities
- Learn how financial aid is awarded
- Learn about types of financial aid available
- Review the college’s cost of attendance and billing information
- Introduce the financial literacy campaign, specifically the importance of credit and establishing a personal budget
If you obtained student loans to help finance your medical or pharmacy school education, your obligations to your education extend past graduation. Upon graduation, it is time to repay the loans you’ve borrowed.
All students who borrowed a Federal Stafford and or a Graduate PLUS loan must attend a mandatory Student Loan Exit Counseling Session.
Exit Counseling Objectives
- Understand your master promissory notes, specifically regarding your rights and responsibilities for loan repayment
- Obtain detailed information regarding your loan balances and average payments
- Learn about repayment options including deferment, forbearance and consolidation
- Get tips on managing your debt
- Receive important contact information regarding your specific loan(s)
Exit Counseling Dates Available
College of Medicine, Class of 2018
Date: February 26, 2018
College of Pharmacy, Class of 2018
Date: May 1, 2018
Chander Kohli, M.D., and Karen Kohli, known for their spirit of philanthropy, were recently recognized by Youngstown State University, one […]