Loans

Loan Counseling

Mandatory Entrance Loan Counseling

First-time borrowers of Direct Stafford and Direct Graduate PLUS Loans at USC are required to complete entrance loan counseling before loan funds can be disbursed. This is required per federal regulation and university policy, even if you previously borrowed loans at another college or university. To complete the entrance loan counseling online:

Visit studentloans.gov.

Sign in using your FSA ID.

Select Complete Counseling.

The process should take about 30 minutes. Once your session is successfully completed, your information will be transmitted to USC within two to three business days.

Timely completion of entrance counseling ensures you receive your funds in time to pay tuition and fees by the settlement deadline.

Additional Requirement for First-Time Undergraduate Borrowers

In addition to completing online counseling at studentloans.gov, first-time undergraduate borrowers must also attend the Cash Course webinar.

Intended to supplement the online loan counseling at studentloans.gov, the Cash Course webinar covers basic money management tips, including effective budgeting, understanding credit and managing credit cards, reducing bank fees, borrowing loans responsibly and preventing identity theft. Viewing the Cash Course webinar is mandatory for undergraduates, who are borrowing from the Direct Loan program for the first time at USC and are attending USC in the fall of 2017. Students who will be attending USC for the first time in the spring of 2018 will be able to attend a session offered later in fall 2018.

Although graduate and professional students are not required to view the Cash Course webinar, we believe you will find this course helpful in your effort to manage your investment in education and encourage all graduate students to participate.

Mandatory Exit Loan Counseling

If you have borrowed from the Direct Loan and/or Graduate PLUS Loan programs and you are graduating, on a leave of absence or enrolled less than half-time, federal regulations and university policy require you to complete two (2) exit loan counseling sessions.

1. Federal Loan Counseling Requirement

To complete the exit loan counseling online:

Visit studentloans.gov.

Sign in to Manage My Direct Loan using your FSA ID.

Select Complete Counseling.

The Exit Loan Counseling session should take about 30 minutes to complete. USC will be notified electronically when you complete the process.

2. University Loan Counseling Requirement

To complete the university requirement, borrowers will need to view one of the Student Loan Exit Counseling webinars.

This course will cover repayment and deferment procedures, as well as offer valuable advice about managing your finances after graduation.

If you have borrowed Federal Perkins Loans, you must complete a separate loan exit counseling online with USC Student Financial Services.