Online Entrance & Exit Counseling


 

 

 Entrance Counseling

First time Federal Direct Loan and Federal Perkins Loan borrowers at Auburn Montgomery must complete a loan entrance counseling before funds can be disbursed.

Federal Direct Loan entrance counseling may be completed at www.studentloans.gov.

Note: First time first year borrowers must wait 30 days from the after the first day of class before the 1st loan payment can be disbursed to the student's AUM student account.

Federal Perkins Loan entrance counseling may be completed at http://ipromise.campuspartners.com.  Please allow 3 to 5 business days from the date of acceptance for the file to be transferred to Campus Partners before attempting to complete entrance counseling.




Exit Counseling

Students that borrow from the Federal Direct Loan or Perkins Loan Program are required to complete exit counseling when any of the conditions below are met.  Exit counseling helps students understand their rights and responsibilities as student loan borrowers.  The exit counseling session(s) will provide useful tips and information to help manage student loans, including repayment plans and estimated monthly payments.

Conditions when exit counseling is required

-The student graduates - required even if the student begins a new program of study the next semester.

-The student ceases to be enrolled at least half-time - required even if student transfers to another school and is enrolled at least half-time there.


Direct Loan Exit Counseling

Students that borrowed Federal Direct Stafford or Federal Direct Graduate PLUS loans under the  Federal Direct Loan Program or Federal Family Education Loan Program (FFEL) are required to complete exit counseling when departing from Auburn Montgomery.  Exit counseling is required before students withdraw, graduate, or drop below half-time attendance (even if transferring to another school).

Students may complete the exit counseling in one of two methods listed below:

1.  Perferred Method:  Online at www.studentloans.gov.
     * Students must log into the website, and select "Complete Counseling" and then choose "Exit Counseling"
     * The online method is preferred as it provides students with their actual loan indebtedness amount and associated interest rates.

2.  Secondary Method:  Via the paper or PDF copy of the counseling session.
     * Students must complete pages 19, 21, and 22 of the hard copy and send to the Financial Aid Office.

Federal Perkins Loan Exit Counseling

Students that borrowed Federal Perkins loans must complete exit counseling when they depart from Auburn Montgomery.  Students must complete exit counseling the Campus Partners website at http://www.mycampusloan.com.