ERIC Number: ED432931
Record Type: Non-Journal
Publication Date: 1997-Jul
Reference Count: N/A
Exit Counseling Guide for Counselors. William D. Ford Federal Direct Loan Program.
Department of Education, Washington, DC.
This guide is intended to help school financial aid administrators meet the requirement that they provide in-person exit counseling to borrowers of Federal Direct Stafford/Ford Loans (direct subsidized) and Federal Direct Unsubsidized Stafford/Ford Loans (direct unsubsidized). The guide is intended to be used with a companion video and a guide for borrowers. The first section identifies specific regulatory requirements regarding counseling borrowers who graduate, withdraw, or otherwise cease to attend school at least half-time. This is followed by a list of recommended topics for inclusion in school exit counseling, such as reviewing borrowers' rights and responsibilities. The next section addresses administrative considerations, including organizing counseling sessions, understanding the role of the Direct Loan Servicing Center, and documenting exit counseling. Suggestions for the exit counseling presentation are then offered; they include showing the video, reviewing the student-borrower's guide, and answering questions. Emphasis is on explaining to students the various repayment plans, the consequences of default, and budgeting. (DB)
Descriptors: Compliance (Legal), Counseling, Debt (Financial), Higher Education, Loan Default, Loan Repayment, Money Management, Student Financial Aid, Student Loan Programs, Student Responsibility
U.S. Department of Education, Loan Origination Center, P.O. Box 5692, Montgomery, AL 36103-5692; Web site: http://www.ed.gov/DirectLoan/bulletin/1997/dlb97-20.html
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Counselors; Practitioners
Authoring Institution: Department of Education, Washington, DC.
Identifiers - Laws, Policies, & Programs: Federal Direct Student Loan Program