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 their 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 emails exit counseling material regarding any loans to ensure that the student understands the amount borrowed and the student’s rights and responsibilities regarding repayment.
The Office of Financial Aid also provides Exit workshops and encourages all students to attend prior to withdrawal or graduation for loan counseling. The purpose of this workshop is to inform the student of their tentative total loans received while in attendance, refunds that may be made, and to provide the student with an estimated payment schedule.