Stafford Exit Counseling
Montana State University - Billings in Billings, MT
Welcome to your Montana State University Billings Stafford loan exit counseling session. One of your responsibilities as a student loan borrower under the Federal Family Education Loan Program (FFELP) is to complete an exit counseling session upon graduating, withdrawing, or dropping below half-time attendance. The exit counseling session must be completed regardless of whether or not you plan to transfer to another school or later return to MSU-Billings.
If you ever received a Perkins Loan during your enrollment at MSUB, please contact the Student Accounts Office at 406.657.1711.
You can access basic student loan information with your federal PIN number through the NSLDS web site at www.nslds.ed.gov. If you forgot your PIN you can access it at www.pin.ed.gov.
The average loan amount borrowed by MSUB students who graduated at the end of the 2006/2007 academic year was $18,800. At 6.8% interest over 10 years your monthly payment would be $216.00 per month, paying $7,162 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 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.
- 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.
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