First-time borrowers of Federal Direct Stafford and Federal Direct Graduate PLUS Loans at USC are required to complete entrance loan counseling at www.studentloans.gov.
If you are graduating, on a leave of absence or enrolled less than half-time, federal regulations and university policy require you to complete exit loan counseling.
Borrowers of Federal Stafford and Federal Grad PLUS Loans must complete two exit loan counseling requirement. Visit www.studentloans.gov to complete federal loan counseling, then attend USC's exit loan counseling webinar.
In addition to completing online exit loan counseling, borrowers will need to view the Exit Loan Counseling webinar.
If you have borrowed Federal Perkins Loans, you must complete separate exit loan counseling online with USC Student Financial Services.
All Title IV HEA Federal Student Loans will be reported to the National Student Loan Data System (NSLDS) and will be accessible by guarantee agencies, lenders and schools determined to be authorized users.
To review your financial aid history and to better understand your federal student loan indebtedness, log in to www.nslds.ed.gov You will need your name, date of birth, Social Security number and FAFSA PIN to access your confidential record.
If you have borrowed from one or more of the non-federal private financing programs, more information about those loans can be obtained from your lender or on your credit report at: www.annualcreditreport.com
mandatory Entrance Loan Counseling
First-time borrowers of Federal Direct Stafford and Federal Direct Graduate PLUS Loans at USC are required to complete entrance loan counseling before loan funds can be disbursed. This is required per federal regulation and university policy, even if you previously borrowed loans at another college or university.
To complete the entrance loan counseling online, visit www.studentloans.gov. Sign in to Manage My Direct Loan using your FAFSA PIN, then select Complete Counseling. The process should take about 30 minutes. Once your session is successfully completed, your information will be transmitted to USC within 2-3 business days.
Timely completion of entrance counseling ensures you receive your funds in time to pay tuition and fees by the settlement deadline.
In addition to completing online counseling at www.studentloans.gov, undergraduate first-time borrowers must also attend the Cash Course workshop that will be held during welcome week in the fall of 2014. Check back in August of 2014 for more information on the times and locations of the sessions.
Intended to supplement the online loan counseling at www.studentloans.gov, the Cash Course workshop covers basic money management tips, including effective budgeting, understanding credit and managing credit cards, reducing bank fees, responsible loan borrowing and preventing identity theft.
Attending the in-person Cash Course workshop is mandatory for undergraduates, who are borrowing from the Federal Direct Stafford Loan program for the first time at USC and are attending USC in the fall of 2014. Students who will be attending USC for the first time in the spring of 2015, will be able to attend a session offered later in the fall of 2014.
Although graduate and professional students are not required to attend the Cash Course workshop, we believe you will find this course helpful in your effort to manage your investment in education and especially encourage all graduate students to participate.
Mandatory Exit Loan Counseling
If you have borrowed from the Federal Stafford and/or Federal Graduate PLUS Loan programs and you are graduating, on a leave of absence or enrolled less than half-time, federal regulations and university policy require you to complete two (2) exit loan counseling sessions.
To complete the exit loan counseling online, visit www.studentloans.gov. Sign in to Manage My Direct Loan using your FAFSA PIN, then select Complete Counseling. The Exit Loan Counseling session should take about 30 minutes to complete. USC will be notified electronically when you complete the process.
To complete the university requirement, borrowers will need to view the Exit Loan Counseling webinar.
This course will cover repayment and deferment procedures, as well as offer valuable advice about managing your finances after graduation.
If you have borrowed Federal Perkins Loans, you must complete a separate loan exit counseling online with USC Student Financial Services.