Applying for Aid — College of Medicine Students

8. Complete Your Entrance Interview

First-time borrowers of federal loans are required to complete entrance counseling before the Office of Student Accounts/Bursar may credit their loan proceeds. Disbursement of aid will not occur until the counseling session has been completed.

What to Do

Complete your entrance counseling online at www.aessuccess.org.

Tips

• The purpose of the entrance counseling is to ensure that you understand your rights and responsibilities as a new loan borrower and that you understand the regulations governing each loan program, such as interest rates, grace periods, deferment/forbearance options, prepayment, consolidation, and other general repayment obligations. You are also informed of the consequences of not repaying your student loans (default) and of various repayment strategies.
• All student loan borrowers are also required to complete exit counseling before graduating or withdrawing from Drexel University. A hold is placed on your transcripts if you do not complete exit counseling at www.aessuccess.org.