Consolidating student loan programs
Collection Account:  Any account (open or closed) that has been placed in collection during the two years preceding the date of the credit report with a balance greater than zero.90 or More Days Delinquent on any Debt:  Any open account that is currently 90 or more days past due.To complete Financial Awareness Counseling, you will need: PLUS Credit Counseling will help students and parents understand the obligations associated with borrowing a PLUS loan and assist them in making careful decisions about taking on student loan debt. If you have received a subsidized, unsubsidized or PLUS loan under the Direct Loan Program or the FFEL Program, you must complete exit counseling each time you: Note: The FFEL Program ended June 30, 2010 and no new loans have been made under the FFEL Program after that date.At the end of the exit counseling session, you will be asked for information that will be included as part of your loan records.Check with your school's financial aid office to be sure that the counseling available on this Web site satisfies its requirements for entrance counseling.
You should review all populated information carefully for accuracy.Direct PLUS Loans are loans for parents of dependent undergraduate students and for graduate/professional students.Direct PLUS Loans help pay for educational expenses up to the cost of attendance minus all other financial assistance. To qualify for a Direct PLUS Loan, you must be: If you have previously completed either a Direct Loan MPN or a Direct PLUS Loan Application, some of this information may be populated for you.The FSA IDserves as your identifier to let you access your personal information in various U. If you complete entrance counseling to borrow a loan as an , the entrance counseling fulfills counseling requirements for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans.
Your school may have alternate entrance counseling requirements.Parents borrowing a Direct PLUS Loan to pay for their child's education are not required to complete entrance counseling.Financial Awareness Counseling provides tools and information to help you understand your financial aid and assist you in managing your finances. Department of Education has informed you that you have an adverse credit history and you have: Exit counseling provides important information you need to prepare to repay your federal student loan(s).A Direct PLUS Loan borrower with an adverse credit history may still receive a Direct PLUS Loan if he/she obtains an endorser who does not have an adverse credit history and the borrower completes PLUS Credit Counseling.