- I’m still in school but I received a bill from my lender—do I have to pay it?
- What is verification?
- How do I know if I am selected for verification?
- What is entrance counseling?
- If I don’t complete entrance counseling what will happen?
- What is an exit counseling and how can I complete it? (TEACH grant and Direct Loans)
- Academic Calendars For Important Dates And Deadlines
I’m still in school but I received a bill from my lender — do I have to pay it?
No, you can apply for an in-school deferment by contacting the Department of Education: studentaid.ed.gov/repay-loans
What is Verification?
Verification is a process through which the institution verifies the information you reported on your FAFSA. The Department of Education (DOE) requires all institutions to perform verification on all applicants who were selected. The verification process requires the institution to collect additional documents from the student and his/her family in order to verify information provided on the FAFSA. Depending on individual situations, additional documents may be requested as needed. For additional information visit: https://studentaid.ed.gov/sa/fafsa/next-steps#verification
How do I know if I am selected for Verification?
Your Student Aid Report comments, from your FAFSA, will indicate if you have been selected for Verification. Your Panther Tracks account will display “Unsatisfied Requirements” for Financial Aid that related to the required verification documents you must submit. You will also send electronic notices to your PV student email address regarding any required documentation.
Entrance counseling ensures that students are provided with valuable information regarding repayment and managing debt. The Federal Government requires that before a loan is disbursed, a student must successfully complete entrance counseling. You may complete Federal Direct Loan Entrance Counseling via the US Department of Education’s web page at: http://studentloans.gov
Due to federal regulations, your loan cannot be applied to your account until you have completed entrance counseling. You may complete entrance counseling via the US Department of Education’s web page at www.studentloans.gov.
Note: Students are required to complete Entrance Counseling annually.
Prior to graduating or leaving school, Direct Loan borrowers and TEACH grant recipients are required to complete exit counseling.
The Direct Loan Exit Counseling will explain your rights and responsibilities as a Direct Loan borrower.
The TEACH Grant Exit counseling will explain the TEACH Grant Service Obligation and the terms and conditions that apply should your grant become a Direct Unsubsidized Loan.
Each online exit counseling session will take about 30-40 minutes to complete. Follow the steps below:
Steps to complete Exit Counseling:
Step 1. Visit: https://nslds.ed.gov/npas/index.htm
Step 2. Click Exit Counseling.
Step 3. Click Start under the appropriate Exit Counseling session required – Choices are Loan Exit Counseling and TEACH Grant Exit Counseling (Recipients of both award types will be required to complete both counseling sessions).
Step 4. Review all information and follow the on-screen instructions.
Step 6. Proceed with Exit Counseling
For all academic calendars for important cyclical process and related dates and deadlines, please go to http://www.pvamu.edu/calendars/