The undergraduate exit-counseling component of USA Funds Loan CounselorSM is designed to:
- Review key information provided as part of entrance
counseling.
- Reiterate rights and responsibilities as a borrower.
- Give trustworthy advice about repayment options.
- Provide detailed loan-indebtedness information.
- Calculate repayment estimates for each student-loan borrower.
Detailed loan-indebtedness
USA Funds Student Loan Transition GuideSM exit counseling summarizes current information about Federal Stafford, PLUS and Consolidation loans. The loan information displayed is from the Meteor network, which provides aggregated student financial-aid information. Students also have the option to add additional loans to ensure a complete summary of total indebtedness.
Repayment-options overview
By using the borrower’s actual loan data, the Repayment Options Overview graphically represents how each option will affect repayment, helping the student make the most-informed decision. The borrower can click on any of the four repayment options to get more detailed information, such as:
- Estimated monthly repayment.
- Average interest rate.
- Average term of the loan.
- Estimated total interest paid.
Video testimonials
Video testimonials give real-life examples of students facing loan-repayment decisions and help reinforce best-practice messages for:
- Repayment options.
- Loan consolidation.
- Deferment and forbearance.
- Borrower rights and responsibilities.
- Keeping in contact with lenders.
To learn more about how USA Funds Student Loan Transition Guide can help you with all your counseling needs, contact your USA Funds Services account executive.