Entrance/Exit Counseling
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Entrance/Exit Interview Requirement for Stafford and Perkins Borrowers
The Higher Education Amendments of 1986 stipulates that schools must conduct entrance and exit interviews for all students borrowing from the Stafford and Perkins Loan programs.
Entrance interviews are conducted prior to the certification and crediting of the student's first loan. These interviews are intended to give new student loan borrowers pertinent information about the terms and conditions of the loan, the borrower's responsibilities, and the importance of meeting repayment obligations. During entrance interview counseling, students will also receive sample repayment tables that can be used to estimate monthly payments and information on when loan repayment begins.
Prior to graduation or upon withdrawal from the College, all Stafford and Perkins borrowers must attend an exit interview. Exit interviews are designed to prepare the student loan borrower for repayment. During the interview, the borrower will receive information on repayment options, consequences of default, deferments, loan consolidation, and communication with the lender and/or loan servicer.
To satisfy the entrance interview requirement, Keystone College conducts entrance loan counseling sessions at all New Student Orientations. A borrower may also complete this requirement on line through the internet at the American Education Services webste by clicking on Entrance Loan Counseling. Be sure to select Keystone College from the list of participating schools. Read and complete all required information. You may also complete your exit loan interview on line at the same web site. Exit loan counseling sessions are conducted annually at our Grad Finale. The Financial Assistance & Planning Office receives a list each semester of those students eligible for graduation, which we use to contact each graduate to attend. Those students who withdrawal will be contacted by our office to complete the exit counseling and to receive vital repayment information.