:: Entrance & Exit Counseling ::
- Entrance Counseling – OCAP offers a PowerPoint version of Direct Loan Entrance Counseling. Providing in-person entrance counseling gives financial aid administrators an opportunity to interact with first-time borrowers. Many borrowers are more likely to ask questions about their loans in an in-person counseling session than they would in an online setting. This presentation is designed to be given by a financial aid administrator. It meets all regulatory requirements and can be used in place of or to augment online entrance counseling. The presentation contains valuable information on Direct Loan eligibility requirements, interest rates, interest capitalization, acceptable uses of student loan funds and basic financial literacy. The presentation stresses the importance of understanding that federal student loans are not grants and that they must be repaid.
- Exit Counseling – Like the entrance counseling presentation, this PowerPoint is designed to be given by a financial aid administrator. It meets all regulatory requirements. It provides an opportunity for financial aid administrators to visit with students (either one-on-one or in a group setting) about their student loans and repayment options. It also provides an opportunity for aid administrators to gather current contact information from their students prior to them leaving campus. The presentation contains information on different repayment plans (including Pay as You Earn), deferment, forbearance and loan forgiveness. It also focuses on the importance that students not ignore or avoid contact from their lender or loan servicer. There is an emphasis on the options students have if they are unable to make consistent monthly loan payments.