Mapping Your Future: Online Counseling
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Direct Loan and Perkins Combined Entrance Counseling

Dakota Wesleyan University in Mitchell, SD


Welcome to Dakota Wesleyan University's online combined Stafford and Perkins entrance loan counseling session. All incoming student loan borrowers are required to complete a loan counseling session prior to the release of the first loan disbursement.

This session will help you understand your rights and responsibilities as a Stafford and/or Perkins loan borrower. Once you have successfully completed the session your results will be sent  via e-mail to the Financial Aid Office at Dakota Wesleyan University. Please print a copy of the results for your records.

If you have any questions concerning your student loan, or this session, please feel free to contact Kristy O'Kief in the Financial Aid Office at (800) 333-8506, (605) 995-2656, or krokief@dwu.edu.

This following information provides you with the 2012-2013 Dakota Wesleyan University graduates' average student loan indebtedness for students who began and finished their undergraduate education at Dakota Wesleyan.  As a reminder this is an average and not what you may actually borrow at DWU.  It is important when borrowing loan funds to keep track of the total amount you have borrowed and only borrow what you need to assist you with your educational cost. 

 

Average Loan Total

Est. Monthly Payment

Ave. Federal Loan Indebtedness - 2 Year Program (See #1)           

$21,000

$250

Ave. Federal Loan Indebtedness - 4 Year Program (See #1)              

$28,700

$330

Ave. Private Student Loan Indebtedness (See #2)

 

 


1.  Estimated monthly payments are based on the maximum Federal Stafford loan interest rate of 6.8% for 10 yrs. 

2.  Private Student Loan:

  • Of the 51 students who graduated with a 4 year degree (Bachelor's) who began and completed their degree at Dakota Wesleyan University, 14 students borrowed private student loans with an average loan indebtedness of $22,300.  Estimated monthly payments $240.00. 
  • Of the 14 students who graduated with a 2 year degree (Associate's) who began and completed their degree at Dakota Wesleyan University, 6 students borrowed private student loans with an average loan indebtedness of $14,000.  Estimated monthly payments $150.00. 

Estimated monthly payments are based on an approximate estimation at 8.5% for 15 years.  Alternative loans are based on credit score so be sure to understand if you take an alternative student loan that you know what your variable interest rate is.

Please proceed through the instructions listed below and click the I AGREE button to begin the loan counseling process.


MYF Disclaimer:

The information above is wholly the product of the school or organization 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.


Instructions

Before You Start

  • Ensure you meet the browser and system requirements:
    • You must use at least Internet Explorer 7.0 or the newest version of Mozilla Firefox or Google Chrome. 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.
    • If you encounter that the question numbers are not displaying correctly when you answer a question incorrectly, ensure that Java is enabled on your browser and try another browser (such as Firefox or Chrome), if the issue persists.

  • 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 40 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 parent, if applicable
    • Name, address, telephone number, and employer for your spouse, if applicable
    • Names, addresses, telephone numbers, and employers for two references residing at different addresses

  • You might need the name, address, telephone number, and employer for your next of kin.
  • 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.

NOTICE: The information you provide for loan counseling may be disclosed to third parties, such as your lender, lender servicer, school servicer, subsequent loan holder, or guarantor, as authorized under routine uses in the appropriate system of records and as may be authorized or required by federal regulations.