Loans

Loans are financial aid that must be repaid, with interest. Few students can afford to pay for college without some form of educational financing. Most students find that they must supplement their savings with loans.

Entrance Loan Counseling | Exit Loan Counseling

Need-Based Loans

Non-Need Based Loans


Entrance Loan Counseling

If you are a new borrower or transfer student and your financial aid package includes a Federal Perkins Loan, Federal Stafford Loan, or NEW Graduate PLUS Loan, you are required to complete Entrance Loan Counseling before funds can be disbursed. The session allows you to review loan information and answer questions which demonstrate that you understand your rights and responsibilities as a borrower. At the end of the interview, you can print your confirmation that you have completed the interview for Milligan College.

There are separate Entrance Loan Counseling Interviews for Federal Stafford, Perkins and Graduate PLUS Loans. Since each loan has different requirements, you must complete the session associated with your loan award, or both sessions if your financial aid package includes both.

Exit Loan Counseling

All student borrowers who have graduated, withdrawn or dropped below half-time enrollment status are asked to complete an online Exit Counseling Interview. There are separate Exit Loan Counseling Interviews for Federal Stafford, Perkins and Graduate PLUS Loans.  You must complete each session separately if you have all types of loans. The interview allows you to review loan information and answer questions which demonstrate that you understand your rights and responsibilities as a borrower. At the end of the interview, you can print your confirmation that you have completed the interview for Milligan College.