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 hold 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 Direct Subsidized Loan and/or Direct Unsubsidized loans. 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.
Repayment on PLUS Loans must begin within 60 days after the final disbursement of the loan occurs for the loan period. There is no grace period unless the borrower contacts the loan servicer to request an in-school disbursement. A parent PLUS borrower may defer repayment while the student is in school. Parents must contact the loan servicer to request the deferment while the student is in school and/or request a six month deferment after the student is no longer attending school.
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.