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Entrance and Exit Loan Counseling

EXIT COUNSELING

Exit counseling is required when you graduate, leave school, or drop below half-time enrollment. At FIT you must be enrolled in at least 6 credits in your degree program to be considered half-time for Direct Stafford Loans, Perkins Loans, and Graduate PLUS Loans.

Direct Stafford Loans: Exit loan counseling is required when you graduate, leave school, or drop below half-time enrollment. At FIT you must be enrolled in at least 6 credits in your degree program to be considered half-time for Direct Stafford Loans. The dates for "In-Person" Direct Stafford Loan Exit Counseling Sessions for this Spring 2017 are over. We will still prepare a personalized folder for you and you should have received an email with instructions from the Loan Team. If you have any questions regarding your exit counseling requirement, you can contact the Loan Team at FITLoans@fitnyc.edu.

If you are unable to attend one of these sessions you can also complete an exit counseling session online at StudentLoans.gov.

Perkins Loan: Exit counseling sessions are completed through the Bursar's Office.

Graduate PLUS Loans: Exit counseling sessions can be completed online at StudentLoans.gov.

ENTRANCE COUNSELING

Direct Stafford Loans: All students taking out a Direct Subsidized Loan or Direct Unsubsidized Loan for the first time at FIT must complete an entrance counseling session before their loan funds can be disbursed. 

If you were are unable to attend any of these sessions, you can complete entrance counseling online at StudentLoans.gov. For more information, visit our Federal Direct Stafford Loan Program page. 

All new Direct Stafford Loans require that you also complete a Direct Stafford Master Promissory Note (MPN), which you may complete online at StudentLoans.gov

Perkins Loans:  All students who are first-time Federal Perkins Loan borrowers are required to complete a Perkins Master Promissory Note (MPN) and an Entrance Counseling Session for Perkins Loan through the Office of the Bursar.

Graduate PLUS Loan:  If this is your first Graduate PLUS Loan, you must complete an Entrance Counseling Session for a PLUS loan and a Graduate PLUS Master Promissory Note (MPN) at StudentLoans.gov - even if you have previously completed one for a Direct Stafford Loan.

 

 

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