Online Counseling 4.5 - Mapping Your Future

Mapping Your Future: Online Counseling

Step 2

Direct Loan Exit Counseling

Dakota Wesleyan University in Mitchell, SD

Welcome to Dakota Wesleyan University's Stafford exit counseling session. Included in this couseling session are some very important facts regarding Stafford loans. You must complete this exit counseling if you drop below at least half-time attendance, withdraw, or graduate--regardless if you plan to transfer to another school or return to Dakota Wesleyan University.

Please make sure to review the packet of information regarding your Stafford loans given to you by the Financial Aid Office. The packet includes the Student Loan Summary which lists all of the Federal Stafford loans you borrowed while attending DWU. The exact principal amount that you currently owe is listed for each of the Federal Stafford loans. This amount will not include accrued interest and/or may not include amounts that you may have borrowed at previous schools. If you have not received this packet please contact the Financial Aid Office.

For general information on your federal loan history, you may access the information with your federal PIN number on the National Student Loan Data System at www.nslds.ed.gov. For specific loan repayment information, contact your servicer directly (please see the Student Loan Summary for contact information on your Stafford loans).

If you have further questions please feel free to contact the Financial Aid Office at (605) 995-2656 or (605) 995-2663. Best wishes to you in your future endeavors!

This following information provides you with the 2011-2012 Dakota Wesleyan University graduates' average student loan indebtedness for students who began and finished their undergraduate education at Dakota Wesleyan. As a reminder this is an average and not what you may have actually borrowed at DWU.

Average Loan Total

Est. Monthly Payment

Ave. Federal Loan Indebtedness - 2 Year Program (see #1)
$22,300

$260

Ave Federal Loan Indebtedness - 4 Year Program (see #1)
$27,000

$310

Ave. Private Student Loan Indebtedness (see #2)

1. Estimated monthly payments are based on the maximum Federal Stafford loan interest rate of 6.8% for 10 yrs.

2. Average Private Student Loan Indebtedness:

Of the 49 students who graduated with a 4 year degree (Bachelor's) who began and completed their degree at Dakota Wesleyan University, 12 students borrowed private student loans with an average loan indebtedness of $12,200. Estimated monthly payment $125.00
Of the 12 student who gradauated witha 2 year degree (Associate's) who began and completed their degree at Dakota Wesleyan University, 4 students borrowed private student loans with an average loan indebtedness of $17,000. Estimated monthly payments $170.00.

Estimated monthly payments are based on an approximate estimation at 8.5% for 15 years. Please contact the Financial Aid for the name of your alternative loan service provider and contact information.

Please proceed through the instructions listed below and click the "I Agree" button to begin the loan counseling process.

MYF Disclaimer:

The information above is wholly the product of the school or organization represented herein. Mapping Your Future, and its individual sponsoring members, do not guarantee or warrant the correctness, completeness, accuracy, or any other characteristic of this content and shall not be liable for any loss, damage, or cause of action arising out of the content.

Direct Loan Exit Counseling Session Instructions

Before You Start

Ensure you meet the browser and system requirements:
- You must use at least Internet Explorer 7.0 or the newest version of Mozilla Firefox or Google Chrome. Get a browser now.
- You can use any Internet service provider (ISP) to connect to the Internet; however, you should access this counseling session using one of the browsers above after you've connected. Do NOT use the ISP's browser, such as AOL or MSN--you won't be able to complete the student form at the end of the session!
- You must enable JavaScript in your browser.
- If you encounter that the question numbers are not displaying correctly when you answer a question incorrectly, ensure that Java is enabled on your browser and try another browser (such as Firefox or Chrome), if the issue persists.
PARENTS: Please don't complete the counseling session on behalf of your son or daughter, as this federal requirement helps the student understand the rights and responsibilities of borrowing a student loan.
You will need about 25 minutes to complete this counseling session.
You will need the following information:
- Your Social Security number
- Your driver's license number
- Name, address, telephone number, and employer for your next of kin
- Names, addresses, telephone numbers, and employers for two references residing at different addresses
You might need the following information:
- Name, address, telephone number, and employer for your parent, if applicable
- Name, address, telephone number, and employer for your spouse, if applicable
- NOTE: Providing names and information for your spouse, parent, next of kin, and references does not obligate them to assist with repayment of your loan. Regulations require you provide this data so your loan holder can locate you, if, in the future, they have an invalid address or phone number.
The student loan calculator in this session will help you calculate your estimated monthly payment. If you aren't sure how much you'll borrow, you can ask your school for the average student loan indebtedness of borrowers at the school or in your program of study at the school.

What to Do

Read the content and answer the questions.
Fill out the student information form. Use the comment box for any comments or questions you have for your school.
Print the confirmation page that appears after you fill out the student information form or note your confirmation number for your records.

NOTE: Generally, the Back and Forward buttons on your browser will not work once you begin the counseling session. Use the buttons within the counseling to navigate.