Washington State University in Pullman, WA
Welcome to the Washington State University Stafford and Graduate PLUS entrance counseling session. Federal regulations require that all Stafford and Graduate PLUS Loan borrowers complete an entrance counseling session before receiving the first loan disbursement, the purpose of which is to be certain the borrower completely understands the terms and conditions of the loan prior to receiving the funds. This site provides a way of meeting that requirement. Please carefully read all of the information; you will answer questions along the way. Once you’ve completed all of the information requested at the end, an email will be sent to the Office of Financial Aid and Scholarships so that we can mark this requirement as satisfied.
Most Washington State University students borrow through the federal Stafford Loan program. Few Washington State University students also borrow through the federal Graduate PLUS Loan program. Because the Graduate PLUS Loan program began very recently, in the summer of 2006, average indebtedness statistics are not yet available. Below, however, are the average Stafford Loan indebtedness statistics for students graduating in May 2008, and sample monthly repayment terms based on a ten year repayment plan.
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Average Indebtedness
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Monthly Loan Payment
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Total Paid (Loan + Interest)
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Undergraduates
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$21,102
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$243
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$29,141
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Graduates
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$47,072
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$542
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$65,005
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Students must be enrolled at least half time to be eligible to receive a Stafford Loan or a Graduate PLUS Loan. At Washington State University, during the academic year, half time enrollment is defined as six credits per semester for undergraduate students and five for graduate students. During the summer session, half time enrollment is defined as six credits for undergraduates and three for graduate students. If you drop below half time enrollment you will be required to complete a Stafford Loan exit counseling session.
If you have any questions about your rights and responsibilities regarding Stafford Loans or Graduate PLUS Loans received while attending WSU, please contact the Office of Financial Aid and Scholarships at (509) 335-9711 to speak with a financial aid counselor or email us at finaid@wsu.edu.
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