Wayne State University

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Loan Counseling for Federal Loans

Entrance counseling

Entrance counseling is required for first-time Federal Loan borrowers.

Direct Loan entrance counseling
Federal Perkins loan entrance counseling

Time limit on Direct Subsidized loan eligibility

There is a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program. If you lose eligibility you become responsible for paying interest on Direct Subsidized Loans.

Exit counseling

To help you manage your student loans after graduation, federal regulations require that you complete exit counseling:

Direct Loan exit counseling
Perkins Loan exit counseling
WSU Institutional Loans and Health Professions Loan exit counseling