Requirements for Student Borrowers
Mandatory counseling sessions. Prior to receiving the first disbursement of a Federal Direct Subsidized or Unsubsidized Loan or Federal Perkins Loan, student borrowers must complete a loan counseling session, in which they receive information about their obligations, rights, and privileges as borrowers. In addition, before withdrawal or graduation from the University, student loan recipients under these programs must complete an exit interview to receive additional information about their repayment obligations and about the consequences of failure to repay.
Identification and release of official transcript. Records of students who have received loans are identified to the Office of the Registrar. Students may not obtain official academic transcripts if they fail to repay federal, state, or University loans under the terms and conditions to which they agreed when they applied for the loans.