Continuing your education is a major investment for your future. If you decide to make loans a part of this investment, managing the debt you incur is a major responsibility. To ensure that you understand this responsibility and the obligation you are incurring, the Federal Government requires you to participate in loan counseling prior to receiving a Direct Loan. First-time, first year, Direct Stafford Loan borrowers are required to complete an entrance loan interview prior to the disbursement of the loan. This step must be completed online.
Please note that we are available for questions after you complete your Entrance Counseling. If you would like to email your questions, you may do so. If you would like to speak with someone directly, please call us at (609)343-5082 or 625-1111 or 886-7189, ext. 5082.
https://studentaid.gov/sites/default/files/loan-entrance-counseling-color.pdf
You are a first time borrower if you do not owe a balance of principle or interest on a Direct Student loan that was disbursed before July 1, 2013. First-time borrowers that have loans that will disburse on or after July 1, 2013 are subject to new provisions regarding life-time loan eligibility limits.
In compliance with new federal regulation, the college is required to provide you with information regarding new life-time loan eligibility limits. In general, if you are enrolled in a two-year associate degree program, the maximum period for which you can receive Direct Subsidized Loans is three years.
Please click the following link to review the important information regarding your student loan from the U.S. Department of Education Federal Student Aid office:
Time Limitation on Direct Subsidized Loan Eligibility for First Time Borrowers
If you have any questions about how these changes could impact you, please contact the Federal Student Aid Information Center 1-800-4-FED-AID (1-800-433-3243).
Students who graduate or withdraw from Atlantic Cape must complete an exit loan interview. Atlantic Cape would like to help you make sure your smart - and costly - investment pays off. Our online exit counseling offers a convenient way to review key things you'll need to know about repayment and to successfully complete the counseling session required before you graduate, leave school or drop below half-time attendance. This step must be completed online.
Please note that we are available for questions after you complete your Exit Counseling. If you would like to email your questions, you may do so. If you would like to speak with someone directly, please call us at (609)343-5082 or 625-1111 or 886-7189, ext. 5082.
https://studentaid.gov/sites/default/files/exit-counseling.pdf
You can calculate estimated loan payments for your Direct Loans and other student loans. Knowing your monthly payment amount is an important component of effective financial budgeting, both during school and after.
There are four repayment plans: standard, extended, graduated, and income contingent. How much you pay and how long you take to repay your loans will vary depending on the repayment plan you choose. Consolidation loans also have varying repayment plans. Use the links below to determine your repayment amounts under each of the different plans.
With your FSA ID, you can also access the National Student Loan Data System (NSLDS). This site contains the history about all of your financial aid including your student loans
For more information, contact the Financial Aid Office at (609) 343-5082, email finaid@atlanticcape.edu, or call the US Department of Higher Education at 1-800-4FED-AID.
Are you unsure about the loan repayment process or wondering when you need to begin making loan payments? Check out this video to learn about what to expect when your federal student loan enters repayment.
Visit http://StudentAid.gov/Repay to learn more.
