Loans

Loan Counseling

Mandatory Entrance Loan Counseling

First-time borrowers of Direct Loan 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 iGrad.

Select ‘Start Course’

Log in to your iGrad account with your USC NET ID.

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 entrance counseling at iGrad, first-time undergraduate borrowers must also complete the Cash Course, a series of webinars provided through iGrad, to serve as a starting point to managing your finances, including your financial aid. Please look out for an email in the first weeks of class for more information.

Although graduate and professional students are not required to complete the Cash Course, we believe you will find the course helpful in managing 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 exit loan counseling.

1. Federal Loan Counseling Requirement

To complete the exit loan counseling online:

Visit iGrad.

Select ‘Start Course’

Log in to your iGrad account with your USC NET ID.

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.

2. COVID-19 and Your Student Loans

On March 27, 2020, the CARES Act was signed into law. Among other things, the CARES Act provides broad relief for federal student loan borrowers. More information can be found here.

Additionally, our partner iGrad has provided a comprehensive guide with information, tips and advice to help you stay financially well during the COVID-19 pandemic. More information can be found here.