Loan Entrance and Exit Counseling

Federal Stafford and Federal Graduate PLUS Loan
Entrance and Exit Counseling

Federal regulations and institutional policy require all students who borrow through the Federal Stafford and Federal 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 the Federal Stafford and Federal Graduate PLUS Loans, explain your rights and responsibilities as a student loan borrower and provide other helpful information.

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

Complete Federal Stafford/Graduate PLUS Entrance

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

Complete Federal Stafford/Federal Graduate PLUS Exit

Federal Perkins Loan Master Promissory Note and
Entrance and Exit Counseling

Students who have been awarded a Federal Perkins Loan as part of their financial aid package must e-sign a master promissory note (MPN) and complete Federal Perkins entrance counseling before the funds can be disbursed. Requirements for the Federal Perkins Loan MPN and entrance counseling are:

1. Students awarded Federal Perkins Loan funding must e-sign the MPN in the first year the award is made;
2. Once the MPN has been e-signed, it is valid for the duration of your medical education and does not need to be signed on an annual basis;
3. Upon completing the e-signature process for the MPN, students must then complete the Federal Perkins Loan entrance counseling.

Complete the Federal Perkins Loan MPN

Complete Federal Perkins Entrance Counseling

NOTE: Unlike Federal Stafford entrance counseling, Federal Perkins Loan entrance counseling must be completed each year you are awarded a Federal Perkins Loan

School of Medicine

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;
- 36 month residency deferment;
- fixed interest rate of 6.0% during repayment; and
- repayment term of 10 years

Complete the Institutional Loan MPN