Entrance and Exit Interviews/Loan Counseling
The Department of Education requires that any students receiving a Federal Loan must be informed concerning their loan obligation. Colorado Technical University counsels each student regarding loan indebtedness and advises each student how to complete an entrance interview to ensure that the student understands the importance of repayment, the consequences of default, the use of the Master Promissory Note, and sample monthly repayment amounts.
Students are contacted by the Financial Aid Department for online student loan counseling at the time of withdrawal, graduation or leave of absence. The purpose of this counseling is to reinforce the points covered in the Entrance Interview and more specifically loan repayment and debt-management strategies. During this process the student will be informed of the total amount of the loans borrowed while in attendance at the University, the student's rights and responsibilities regarding repayment, refunds applied to the student’s loans, as well as provide the student with an estimated monthly payment amount. The exit interview is completed electronically.