William D. Ford Federal Direct Stafford Loan

General Information

Federal Direct Student loan borrowers who leave Coe College, either by graduating, withdrawing, or failing to return for a subsequent semester, are required by Federal Law (34 CFR Section 685.304) to complete exit counseling. The Registrar is not able to release academic records for any student that has not met this requirement. This requirement can be met by doing an individual counseling session, group counseling session, or on-line at the following website (it takes approximately 25 minute's):

http://www.dl.ed.gov

You will be asked a series of questions and, once electronically completed, our office will be automatically notified by the Direct Loan Servicing Center. If, while completing electronically, you opt to print the checklist, you have an additional step – you must send the checklist information to the Coe College Financial Aid Office.

Visit www.dl.ed.gov and click on "Exit Counseling." You must complete the Direct Loan exit counseling prior to graduation. Your official transcript cannot be released if you fail to complete your exit counseling session. Note that if you have more than one type of loan (Perkins, etc.), you may have more than one exit counseling to complete (SEE OTHER LINKS ON THE EXIT COUNSELING SITE).

Before you start, you will need the following information:

1. A PIN number was issued when you completed the FAFSA (Free Application for Federal Student Aid). If you have forgotten your PIN, you may request it at www.pin.ed.gov.
2. Your Social Security number
3. Your driver's license number
4. Names, addresses, telephone numbers, and employers for your next of kin and/or parent
5. Names, addresses, telephone numbers, and employers for two references residing at different addresses
6. Name, address, and telephone number of your expected employer (if known)
7. Coe's school code is 001854

• The student loan calculator in this session will help you calculate your estimated monthly payment.
• Loan Consolidation – As a graduating senior, consolidating now may mean a lower interest later on. The interest rate adjusts each July 1. By consolidating you can lock in a fixed rate. For consolidation information, go to www.studentaid.ed.gov and put consolidation in the search box. Direct loan consolidation website is www.loanconsolidation.ed.gov. There may or may not be benefits to consolidating, Check out the Frequently Asked Questions (FAQ) section of the loan consolidation website for things to consider.

If you have any complaints regarding the servicing of your loans in the future, you may contact the Student Loan Ombudsman's office. They may be reached via phone, mail, or on the Internet. Their toll free number is (877)557-2575. On the internet, you may contact them through the following website:

http://ombudsman.ed.gov

If you prefer to contact the ombudsman by mail, you may write them at the following address:

Office of the Ombudsman
Student Financial Assistance
U.S. Department of Education
Room 3012, ROB #3
7th and D Streets, SW
Washington, DC 20202-5144

If you have additional questions, contact the financial aid office at 319-399-8540 or by e-mail at O-FinancialAid@coe.edu. Congratulations on your accomplishment!

What is required?

Before you start, you will need the following information:

1. A PIN number was issued when you completed the FAFSA (Free Application for Federal Student Aid). If you have forgotten your PIN, you may request it at www.pin.ed.gov.
2. Your Social Security number
3. Your driver's license number
4. Names, addresses, telephone numbers, and employers for your next of kin and/or parent
5. Names, addresses, telephone numbers, and employers for two references residing at different addresses
6. Name, address, and telephone number of your expected employer (if known)
7. Coe's school code is 001854

Coe College
Office of Financial Aid
1220 First Avenue NE
Cedar Rapids, IA 52402

Toll-free: 1.877.CALL.COE
Locally: 319.399.8540
E-mail: o-financialaid@coe.edu