Office of Financial Aid
College of Adult & Professional Studies
Loan Entrance and Exit Counseling
Students should be careful to avoid borrowing excessively. A reasonable monthly student loan payment should not exceed 8-10 percent of one's monthly gross income (Monthly Budget Calculator and Loan Payment Calculator). See the chart at the end of this page for sample loan repayment amounts.
Loan Entrance Counseling
Prior to borrowing their first Stafford educational loan, students are required to complete loan entrance counseling to ensure they understand their rights and responsibilities. Borrowers must complete this online counseling prior to the disbursement of their loan.
- Direct Stafford Loan Entrance Counseling (Federal Student Loan Servicing website)
Loan Exit Counseling
Upon graduation (or dropping below half-time status), students will complete loan exit counseling to prepare for entering repayment.
- Stafford Loan Exit Counseling (Mapping Your Future website)
Sample Loan Repayments
| Sample Loan Repayment Chart Based on 10 year Repayment Period | |
| Stafford Loans | |
| 6.80% | |
| Amount Borrowed | Estimated Monthly Payment |
|
$ 3,500 |
$ 50 |
|
$ 5,500 |
$ 63 |
|
$ 10,500 |
$ 121 |
|
$ 20,000 |
$ 230 |
|
$ 25,000 |
$ 288 |
|
$ 40,000 |
$ 460 |
|
$ 50,000 |
$ 575 |
|
$ 75,000 |
$ 863 |
|
$ 100,000 |
$ 1,151 |
|
$ 138,000 |
$ 1,588 |