Stafford and Grad PLUS Exit Counseling
Andover Newton Theological School in Newton Centre, MA
Stafford & Grad PLUS Loans
Exit Interviews
(for students dropping below half time enrollment status, withdrawing or graduating)
Welcome to your exit counseling session for your Federal Stafford and/or Grad PLUS Loan through Andover Newton Theological School.
Sample monthly repayment amounts: Since loans must be repaid, it is important to consider the amount of monthly payments that your total borrowing will require. Some students at ANTS graduate with no debt, others will borrow as needed. ANTS strongly encourages that you borrow only what is needed for educational purposes in order to avoid excessive debt after graduating. Using $34,720 as an average, a Stafford Loan borrower at 6.8% interest over 10 years would pay $400 per month, paying $13,227 interest over the life of the loan. Using $10,000 as an average, a Grad PLUS Loan borrower at 8.5% interest over 10 years would pay $124 per month, paying $4,878 in interest over the life of the loan
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MYF Disclaimer:
The information above is wholly the product of the school 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.
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Stafford & Grad PLUS Exit Counseling Session Instructions
Before You Start
- Ensure you meet the browser and system requirements:
- You must use at least Internet Explorer 6.0 or Mozilla Firefox 1.0. 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.
- You will need about 30 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
- Name, address, and telephone number for your expected employer, if known
- You might need the following information:
- Name, address, telephone number, and employer for your spouse, if applicable
- Name, address, telephone number, and employer for your parent
- 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 have borrowed, you can ask your financial aid office or access your basic loan history information on the National Loan Data System (NSLDS) with your federal PIN at http://www.nslds.ed.gov.
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.
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