6. Under Federal Financial Aid guidelines all first time borrowers are required to complete entrance counseling.
Under Federal Financial Aid guidelines any student that has loans is required to complete exit counseling upon deciding to no
longer attend school, or graduation. Entrance and Exit Counseling are completed online at www.studentloans.gov.
Please initial here to acknowledge that you understand the Federal Financial Aid guidelines for Entrance and Exit
Counseling. __________
7. Due to the FERPA (privacy) guidelines, Financial Aid can only respond with specific financial aid account information to
newriver.edu e-mail accounts. Documents received by e-mail can only be downloaded for print when sent from a newriver.edu
e-mail account. (Please be aware e-mail is our main source of communication.)
Please initial here to acknowledge that you understand this FERPA e-mail guideline. __________
8. Upon full completion and approval of this Loan Education, Justification, Application form, your Financial Aid Counselor will
contact you to set up a time for loan education counseling. (Please check your New River e-mail.)
Please initial here to acknowledge that you understand loan education counseling is required. __________
The Consequences of Student Loan Default
Student Borrower Certifications and Signature
ThestudentsigningbelowcertifiesthatyouhavereadandunderstandtheConsequencesofStudentLoanDefaultandthatallof
theinformationreportediscompleteandcorrect.
_____________________________________________________
Student’sSignature Date
Financial Aid Office Use Only!
FA Counselor FA Manager
Circle one: Offering of the loan APPROVED / DENIED
Notes:________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________
Loan Amt. Offered:
Fall Spring
SUBLOAN
UNSUBLOAN
____________________________ _______
LoanAuthorizingFAAdministratorSignatureDate
WARNING: If you purposely give false or
misleading information, you may be fined,
sent to prison, or both.
Credit report damage (7 year minimum)
Wage garnishment
Seizure of federal & state tax refunds
Seizure of portion of any federal payment
Legal action in federal district court
No Federal Financial Aid (Title IV ineligible)
May lose state occupational license
No mortgage loans
May have difficulty obtaining car loans
May be unable to rent an apartment
May be turned down for jobs
Collection costs
FACounselorLEJA–UinRRAAREQwhenformreceived&
completeSATPROsection.
Inst.Attempted_____Inst.Passed________
%_________Inst.CumulativeGPA________
#HoursEnrolled:_______
LoanOffered
Date & time for Loan Ed. Counseling
(COUEDU–RinRRAAREQ)
__________________ _________
DateTime
DateLoanEd.CounselingComplete:
COUEDU–SRRAAREQ
Loanacceptanceformcomplete:LOAN–SRRAAREQ,ACPTloan
RPAAWRD.)
_________________ ___________
CounselorInitialDate
LoanDenied
‐NotificationsentviaNRemail
_________________ ___________
CounselorInitialDate
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