Grad PLUS Exit Counseling
Bethel University in St. Paul, MN
As a Federal Grad PLUS student loan borrower, you must complete this loan exit counseling. This session informs you of the loan terms and of your rights and responsibilities as a borrower. Bethel University will be notified once you have completed this loan exit counseling.
The average student loan debt of Bethel University borrowers who graduated from the College of Arts & Sciences in the spring of 2007 was $28,000 (about 75% of graduates from the class of 2007 borrowed a student loan). Assuming a 6.8% interest rate and ten years to repay their loans, average student borrowers will make monthly loan payments of $322.22.
Sample Loan Repayment Chart Based on 10 year Repayment Period
|
Loan Type
|
Stafford Loans
|
Grad PLUS Loans
|
|
Interest Rate
|
6.80%
|
8.50%
|
|
Amount Borrowed
|
Estimated Monthly Payment
|
Estimated Monthly Payment
|
|
$ 3,500
|
$ 50
|
$ 50
|
|
$ 5,500
|
$ 63
|
$ 68
|
|
$ 10,500
|
$ 121
|
$ 130
|
|
$ 20,000
|
$ 230
|
$ 248
|
|
$ 25,000
|
$ 288
|
$ 310
|
|
$ 40,000
|
$ 460
|
$ 496
|
|
$ 50,000
|
$ 575
|
$ 620
|
|
$ 75,000
|
$ 863
|
$ 930
|
|
$ 100,000
|
$ 1,151
|
$ 1,240
|
|
$ 138,000
|
$ 1,588
|
$ 1,711
|
After completing this loan counseling session, if you have further questions regarding borrower's rights and responsibilities and loan terms and conditions, please contact Cheryl Fernandez in the Bethel Office of University Financial Aid by telephone at 651.638.6241 or by email at finaid@bethel.edu .
|
|
MYF Disclaimer:
The information above is wholly the product of the school 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.
|
|
Grad PLUS Exit Counseling Session Instructions
Before You Start
- Ensure you meet the browser and system requirements:
- You must use at least Internet Explorer 6.0 or Mozilla Firefox 1.0. 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.
- You will need about 25 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 next of kin
- Names, addresses, telephone numbers, and employers for two references residing at different addresses
- Name, address, and telephone number for your expected employer, if known
- You might need the following information:
- Name, address, telephone number, and employer for your parent
- Name, address, telephone number, and employer for your spouse, if applicable.
- 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.>
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.
|