FINANCIAL AID PUBLICATIONS

STUDENT FINANCIAL AID HANDBOOK

2009-2010

Chapter Eight

ENTRANCE/EXIT INTERVIEWS AND FEDERAL LOAN CONSOLIDATION

ENTRANCE INTERVIEW
If you are borrowing a Federal Perkins Loan, Primary Care Loan (PCL), Loan for Disadvantaged Students (LDS), Health Professions Student Loan (HPSL) or Federal Stafford Loan (Subsidized and/or Unsubsidized), you are required to complete an entrance interview on-line. The entrance interview can be accessed by clicking here, Entrance-Exit Programs or Loan Information.

The purpose of the entrance interview is to advise you of your rights and responsibilities and to provide information on the repayment schedules, deferments and forbearances options available.

EXIT INTERVIEW
If you received financial assistance from the Federal Perkins Loan, HPSL, PCL, LDS, Federal Stafford Loan (Subsidized and/or Unsubsidized), and Graduate Plus or any alternative loan program, you are required to attend an exit interview or complete one on-line. These interviews are conducted by the Student Loan Office and the Student Financial Aid Office.

The purpose of the exit interview is to help you organize your repayment schedule and to answer any questions you may have concerning your rights and responsibilities. The exit interview will provide you with a summary of loans borrowed during your education at UMDNJ, information on deferments, forbearance, repayment and an estimate of your monthly payments. This information is also available on our website.

On our website under Loan Information, you can obtain information on major lenders. These lenders provide many useful tools that can be helpful for budgeting, debt management and consumer information related to your loans.