Student Loan Entrance and Exit Counseling

Federal Direct Stafford and Federal Direct Graduate PLUS Loan Entrance and Exit Counseling

Federal regulations and institutional policy require all students who borrow through the Federal Direct Stafford and Graduate PLUS Loan Programs for their medical education to complete loan entrance and exit counseling. The purpose of loan counseling is to provide information concerning both the Federal Direct Stafford and Graduate PLUS Loans, explain your rights and responsibilities as a student loan borrower and provide other helpful information.

Federal Direct Stafford and Graduate PLUS entrance counseling must be completed by students who are first-time borrowers through either the Federal Direct Stafford or Federal Direct Graduate PLUS Loan Program:

Complete Federal Stafford/Graduate PLUS Entrance

Federal Direct Stafford and Graduate PLUS exit counseling must be completed in the fourth-year by all graduating students who borrowed through either the Federal Direct Stafford or Direct Graduate PLUS Loan Program. Exit counseling is a requirement for graduation:

Complete Federal Stafford/Federal Graduate PLUS Exit

School of Medicine Student Loans

Institutional Student Loans
Students who have been awarded a student loan through the School of Medicine (i.e. DeVictoria, Desmond, Sullivan, Medical Student Loan) must electronically sign a master promissory note (MPN) before the funds can be disbursed.

The terms of the institutional student loan are:

• No interest during medical school, grace or eligible deferment;
• 12 month grace period following graduation or when enrollment drops below half-time status;
• 24 month residency deferment;
• Fixed interest rate of 4.0% during repayment; and
• Repayment term of 10 years

Complete the Institutional Loan MPN and Truth-in-Lending (TILA) documents

All graduating students who have received funding through the GUSOM Institutional Student Loan Program must complete exit counseling in their fourth-year prior to graduation.

Complete the Institutional Loan Exit Counseling