ENTRANCE LOAN COUNSELING
All prospective students that apply for a Federal Direct Stafford Loan must complete the appropriate Master Promissory Note (MPN) as well as complete the required Entrance Loan Counseling before your loan(s) will be processed by the Financial Aid Department of Medical Institute of Palm Beach. Please schedule an appointment with our Financial Aid Counselor to complete your MPN and Entrance Loan Counseling. You can complete your Entrance Loan Counseling on paper in the Financial Aid Department or you can also complete your Entrance Loan Counseling online using the Federal Department of Education’s Website – Direct Lending Entrance Counseling. Please remember that the Federal Direct Stafford Loan(s) will not be disbursed until the student’s Entrance Loan Counseling has been completed and proper documentation has been received by the Financial Aid Department. All students applying for a Federal Direct Stafford Loan will receive an Entrance Counseling Booklet.
EXIT LOAN COUNSELING
Prior to graduation or upon withdrawing from Medical Institute of Palm Beach (whether it is an official or unofficial withdrawal), student borrowers will be informed of their responsibility to complete their Exit Loan Counseling. Student borrowers may complete a paper document at the Financial Aid Department or you can also complete your Exit Loan Counseling online using the Federal Department of Education’s Website – Direct Lending Exit Counseling. All student borrowers will receive an Exit Loan Counseling Booklet. Any student borrowers that leave prior to graduation and do not go to the Financial Aid Department to complete their Exit Loan Counseling, will be mailed and Exit Counseling Package. This package will include information about their outstanding Federal Direct Stafford Loan balance(s) and the link to complete their Exit Loan Counseling online.