Entrance & Exit Interviews

Before receiving a Federal Direct Unsubsidized Loan or a Federal Direct Graduate PLUS Loan, first-time borrowers at the University of Minnesota are required by federal regulations to:

• Participate in an entrance interview with a financial aid counselor. This is typically fulfilled by attending a group meeting during Orientation and/or reading, viewing, and listening to various materials online. The intent is to make sure you understand the terms and conditions of the money you are borrowing and your responsibilities as a borrower. Also, during the first semester of your first year of Medical School, all financial aid recipients must meet or have met with a Medical School financial aid counselor in an individual appointment setting.
  
• Complete relevant counseling sessions, such as the Direct Loan online Entrance Counseling session and/or the Graduate PLUS online Entrance Counseling session.

Before graduation: Borrower to-dos

Students with medical school debt

All graduating students with medical school debt will receive notification of debt management resources and support options.

Students who borrow federal and/or institutional loan funds

Federal law states that any student who borrows federal and/or institutional loan funds must participate in online financial aid exit counseling.

This must be done before graduating, withdrawing, or taking a leave of absence.

Approximately 30 days prior to graduation, you will receive an email notification from the Financial Resolution Services office with a link to the required exit counseling, along with basic instructions.