Loan Counseling for Federal Loans
Beginning with the 2008-2009 academic year students will borrow their Federal Stafford loans through the Federal Direct Loan program.
Entrance Loan Counseling
Entrance loan counseling is required for first-time Federal Loan borrowers. Counseling can be completed online and will help you understand your rights and obligations as a student loan borrower. Loan counseling must be completed before you can receive loan funds.
Exit Loan Counseling
To help you manage your student loans after graduation, federal regulations require that you complete exit loan counseling. Exist loan counseling should be completed:
- before you graduate
- before transferring to another institution
- before any other separation from Wayne State University
- if you are enrolled less than half time
Direct Loan Exit Counseling
Perkins Loan Exit Counseling NOTE: Borrowers of WSU Institutional Loans and Health Professions Loans also can complete Exit Counseling on this site.