Federal regulations and American Bar Association requirements mandate that all students participate in some form of financial aid counseling at the start of enrollment and prior to graduation or at the time you separate from the University. These requirements are called Entrance and Exit Interviews. The information below will help you understand the goals and requirements of these interviews.
You are encouraged to keep good records on your borrowing and can always log into MyHLSDebt to view loans that have been certified by our office. This page also lists an estimated monthly payment to help you get a general sense of what your payments might be like during repayment. As you continue to invest in your education, you can always contact our office at any time to discuss loan repayment or to ask questions about your rights and responsibilities as a student loan borrower. We will make every effort to ensure that you are aware of the implications of your borrowing as you pursue your studies.
The Entrance interview is an online form which details your rights and responsibilities as an education loan borrower. You will complete this form during the summer prior to your 1L year. It will be valid for your entire 3 years at law school. We will only be able to disburse your federal funds after you have completed this on-line form.
An entrance interview is a federally mandated on-line counseling session for any student who wants to borrow a federal student loan. The entrance interview will inform you about your rights and responsibilities as a student loan borrower such as:
- The types of loans you may be eligible for (subsidized and/or unsubsidized)
- The way in which you spend the federal loans you receive – for authorized educational related expenses only
- Information you are required to report to your servicer once you have received the funds such as an address or name change
- The amount of funding for which you may be eligible
- Interest rate, loan fee and repayment information such as the specific rate of your loan, how interest is charged, if there are loan fees associated with the loan and if any repayment incentives are given for on-time payments.
- Loan benefits such as deferment, forbearance and discharge availabilities
There are many other important details that are reviewed during the Entrance Interview counseling session. You will be required to complete the counseling on line and no loan disbursements will take place until the requirement is satisfied in full.
The Exit Interviews take place during the spring of your last semester at HLS or upon your leave or withdrawal from the University. They will occur in two ways; a group meeting with Student Financial Services and through the completion of online forms. Any student who has borrowed one or more loans to finance their law degree will need to fulfill this requirement before they can receive their HLS diploma.
During your last semester you will attend an Exit Interview with our office if you have borrowed while in law school. In these group sessions you will learn and come to understand your rights and responsibilities as a student loan borrower. Moreover, the Exit session will provide you with information that will help you manage your student loan repayments and will review the following:
- Lender and Servicer contact information
- Loan repayment options
- Deferment, forbearance, hardship, disability, discharge and forgiveness benefits
- Loan default prevention tools
- Repayment start dates
- Tax credits and deductions for students in repayment
- Repayment incentive programs
Our goal is to help you make a smooth transition from borrowing to repayment by being a well informed borrower.
Graduating students in the class of 2014 should refer to our detailed Exit Interviews for Graduating Students page for information specific to their Exit process.