Loan and Grant Counseling
LOAN ENTRANCE COUNSELING
Direct Loan Entrance Counseling
First time Federal Direct Loan borrowers must complete a Federal Direct Loan Entrance Counseling session prior to the disbursement of student loans. This helps you to understand your responsibilities regarding your loan. Log into https://studentloans.gov to begin you session.
Graduate PLUS Loan Entrance Counseling
First time Federal Direct Graduate PLUS Loan borrowers must complete a Federal Direct Graduate PLUS Entrance Counseling session prior to the disbursement of student loans. This helps you to understand your responsibilities regarding your loan. Log into https://studentloans.gov to begin you session.
LOAN EXIT COUNSELING
Direct Loan Exit Counseling
Each time a student loan borrower withdraws from a semester, drops below half-time, or graduates from a degree program, the student must complete a Direct Exit Counseling session on the web at https://studentloans.gov/. A university stop will be placed on the student's account if the student is required to complete the counseling session. Students will not be able to register for upcoming semesters or get an academic transcript until confirmation of completion is received in the Office of Financial Aid. A Return of Title IV Funds will be calculated if a student withdraws, which may result in a balance owed to UHV.
If a student does not have access to the web, a computer is available in the Office of Financial Aid.
If you drop below half-time enrollment:
The 6-month grace period will begin on a Direct Subsidized Loan or Direct Unsubsidized Loan. If you resume enrollment on at least a half-time basis before the end of the 6-month grace period, your loan will return to "in-school" status and you will be eligible for a full 6-month grace period when you leave school or drop below half-time enrollment again.
The in-school deferment on a Direct PLUS Loan first disbursed on or after July 1, 2008 will continue for an additional 6 months after you drop below half-time status. If you have a Direct PLUS Loan with a first disbursement date before July 1, 2008, your in-school deferment will end when you drop below half-time and you must begin making payments, unless you receive another type of deferment or a forbearance. If you resume enrollment on at least a half-time basis, you will again qualify for an in-school deferment.
Graduate PLUS Loan Exit Counseling
Each time a student withdraws from a semester, drops below half-time, or graduates, the student must complete a Graduate PLUS Exit Counseling session on the web at https://studentloans.gov/. If a student does not have access to the web, a computer is available in the Office of Financial Aid.
Direct Loan & Graduate PLUS Loan Exit Counseling
If you received both the Federal Direct and Graduate PLUS loans while taking courses towards your degree, you must complete the combined Stafford & Graduate PLUS Exit Counseling Session if you drop below half-time, withdraw from a semester, or graduate. The counseling session is located on the web at https://studentloans.gov.
TEACH GRANT COUNSELING
TEACH Grant Entrance Counseling
Each student awarded a TEACH Grant will be required go through TEACH Grant Entrance Counseling before the grant will be disbursed. The online counseling session is located at https://teach-ats.ed.gov/ats/studentHome.action.
A TEACH Grant will be converted to an unsubsidized Direct Loan if the student fails to complete his/her service obligation (teach for four years in a high-need, low income school within an eight year period).
TEACH Grant Subsequent Counseling
Each student awarded an additional TEACH Grant will be required go through TEACH Grant Subsequent Counseling before the additional grant award will be disbursed. The online counseling session is located at https://teach-ats.ed.gov/ats/studentHome.action.
Teach Grant Exit Counseling
Each time a student withdraws from a TEACH-eligible program or graduate, the student must complete a TEACH Grant Exit Counseling session. The website to complete Teach Grant Exit Counseling is http://www.nslds.ed.gov/nslds_SA/.
Financial Fitness Tools
- Establishing a Budget - http://mappingyourfuture.org/money/budget.htm
- Determine how much you can borrow based on future expected earnings - http://mappingyourfuture.org/paying/debtwizard/
- Balancing your checkbook - http://mappingyourfuture.org/money/checkbook.htm
- Understand the student loan process - http://www.uhv.edu/ofa/loans.aspx
- Establish yourself financially - http://mappingyourfuture.org/money/establish.htm
- Savings Plan - http://mappingyourfuture.org/money/savingscalculator.htm
- Managing your student loan debt - http://mappingyourfuture.org/money/studentdebt.htm
- Credit Card Tips - http://mappingyourfuture.org/money/creditcards.htm
- Create a Budget - http://mappingyourfuture.org/money/budgetcalculator.htm
General Financial Aid Counseling
For further assistance with financial aid contact one of the following counselors: