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 Stafford Exit Counseling session on the web at https://studentloans.gov/myDirectLoan/index.action. 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 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/myDirectLoan/index.action. 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/myDirectLoan/index.action.