In advance of credit a student loan or proceeded to help you borrow against scholar finance go to and you can complete the Monetary Feel Counseling

Required Guidance

To assist in doing brand new counseling features a copy of the education loan honor page that was delivered of the Work environment from Educational funding. The brand new Good sense Guidance will bring cost management, payment recommendations and you will resources which can be crucial that you student achievements. Which online device provides people employing most recent loan obligation when the one and you may cost pointers.

Requisite Counseling

Entrances Counseling – Prior to receiving student loan funds, new students to Southern State are required to participate in entrance counseling. The counseling is completed on campus at the Office of Financial Aid. First-time borrowers will receive information on dates and times to complete in person. First-time borrower’s loan funds are not disbursed until 30 days after the start of the term and attendance has been verified. After the first disbursement of the student loan the loan servicer will provide you with a welcome letter to their loan services. This information will be extremely important in establishing a relationship with the loan servicer. Immediately establish an online account or a line of communication with the servicer. The servicer is the point of contact regarding repayment.

Log off Counseling – Exit counseling at is also a requirement any time a student borrower takes a break from enrollment or graduates. Immediately after ceasing enrollment students may complete the exit counseling at . The Office of Financial Aid at Southern State will also notify students when the counseling is required. Exit Counseling pertains primarily to repayment of the loan debt.

• A recent dysfunction of the loan, such as the mediocre monthly payment
• Suggestions to avoid delinquency and you will standard
• Deferment and you may forbearance alternatives (short term postponements of your student loan)
• The level of complete personal debt (dominating and you may projected focus), most recent interest therefore the overall interest charge to your financing
• A reason of your charge that will be charged during the payment period particularly late charges
• An indication from available options to own loan combination and an indication that students can prepay the loan as opposed to punishment any time
• Cost possibilities, payment numbers and you can advice for personal debt management
• Notice one to consumers must provide expected long lasting address and also the identity and you will address of asked company

To access school funding guidance in the , done a king promissory mention otherwise obtain recommendations out of nslds.ed.gov (National Student loan Analysis System). Continue Reading