UAF: Financial Aid: Entrance and Exit Counseling

FINANCIAL AID ENTRANCE CONSELING

Federal Stafford Loan and Direct Loan Entrance Counseling

If you are borrowing for the first time through the Federal Stafford Loan Program or the Direct Loan Program, you must complete entrance counseling before your loan is disbursed. Transfer students must also complete this requirement if they have never borrowed to attend UAF.

You may complete this requirement by attending a 30-minute group session presented by Financial Aid or by completing an online counseling session at www.mapping-your-future.org/entrancecounseling/ (Stafford Loan borrowers) or www.ed.gov/offices/OSFAP/DirectLoan/ (Direct Loan borrowers).

Topics covered during the entrance counseling group session include:

Disbursement of loan funds to your student account

Delivery of loan funds to the student

Borrower rights and responsibilities

Future borrowing and managing your debt

Obligations of loan repayment

Consequences of loan delinquency or default

FINANCIAL AID EXIT COUNSELING

Federal regulations require UAF to provide exit counseling to all Federal Stafford Loan and Direct Loan borrowers who graduate, drop below half-time enrollment or leave the university. Loan counseling helps you understand your rights and responsibilities as a borrower.

Contact the Financial Aid Office to schedule exit counseling. If you would like to complete exit counseling over the Internet, go to www.asapubt.com/ (Stafford Loan borrowers) or http://www.ed.gov/offices/OSFAP/DirectLoan/ (Direct Loan borrowers).