Loan Counseling

Federal Direct Loan Counseling

The Federal Government requires that all first-time Federal Direct 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 Direct 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 Loan Entrance Counseling  

In order to complete the Entrance Counseling go to www.studentaid.gov

Federal Direct Loan Exit Counseling 

The Federal Government requires all Federal Direct Loan borrowers who graduate or drop below half-time enrollment (6 credits per semester for Undergraduates) and (3 credits per semester for Graduates-effective summer 2022) 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 to complete 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.studentaid.gov.

NOTE: If you had Federal Direct 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 go to www.studentaid.gov .