Entrance and Exit Interview/Loan Counseling
The U.S. Department of Education requires that any student receiving a federal educational loan must be notified concerning his or her loans. Neumont counsels each student regarding loan indebtedness and requires incoming students (who will utilize Title IV aid) to submit proof of entrance counseling through www.studentloans.gov prior to attendance. Upon withdrawal or graduation, the College requires exit counseling (which may also be submitted online at the same website) and mails an exit interview questionnaire regarding any loans to ensure that the student understands the amount borrowed and the student’s rights and responsibilities regarding repayment.
The student must report to the Office of Financial Aid prior to withdrawal or graduation for loan counseling. The purpose of this session is to inform the student of his/her tentative total loans received while in attendance, refunds that may be made, and to provide the student with an estimated payment schedule. If the student is unable to meet with the Financial Aid Office, an exit interview questionnaire is mailed.