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April, 2014

Check loan counseling off your to-do list

Review process mandatory for those with financial aid

By By Gena Checki

If you are an upcoming May graduate Gateway student who took out student loans, you should attend an upcoming Graduate Loan Exit Party. These “parties” are really workshops offered by student finance specialists to help students complete their loan counseling. Snacks are provided and no appointment is necessary.

Loan counseling is “a way for students to review how many and the amount of loans that they have taken out,” said Justin Kehring, director of financial aid.

During the review, students provide current contact information and select their repayment plan, Kehring said. Loan counseling is a requirement through the Department of Education.

The loan counseling is mandatory and beneficial for students, he said.

“By completing the counseling, students will gain access to the information needed for loan repayment as well as the rights and responsibilities of a student loan borrower,” Kehring said.

Students can complete counseling at a Gateway loan exit party or go to the National Student Loan Data System website at Once there, students need to click on the “Exit Counseling” link, which will require them to login. The process takes between 15 minutes and 30 minutes.

Kehring encouraged Gateway students to complete loan counseling

“Students who don’t do their loan counseling have a higher rate of defaulting on their student loans,” he said.

Graduate Loan Exit Party dates in May

Racine Campus:

Monday, May 5 at 5 p.m.
Racine Building, Student Services multipurpose room

Friday, May 9 at 11 a.m.
Racine Building, Student Services multipurpose room

Kenosha Campus:

Tuesday, May 6 at 9 a.m.
Academic Building, Room A238

Tuesday, May 6 at 5 p.m.
Academic Building, Room A238

Elkhorn Campus:

Monday, May 5 at 10 a.m.
North Building, Room 218

Thursday, May 8 at 5p.m.
North Building, Room 218

Life is Big. Be Prepared.