What are Entrance and Exit Interviews?
An Entrance Interview (during which the student acknowledges the debt that is about to be incurred) is required before the first loan disbursement can be put on a student’s account. An Exit Interview is required before graduation or withdrawal from school, so that the student acknowledges repayment obligation. The purpose of the Entrance and Exit Interviews is to educate the students about the loans, in an effort to keep the default rates as low as possible (which, in turn, enables more lenders to participate and offer low rates to all students).
