PRINT THIS
PAGE BEFORE STARTING!
2005-2006
STUDENT LOAN COUNSELING FOR RETURNING BORROWERS
NAME:______________________ ID#__________ DATE:______
- Log onto http://www.dlssonline.com/exitcounseling/ecec-main.asp
- On the left hand tool bar under the heading “Help”, click on glossary.
- This will bring up a list of terms. Click on each of the terms listed below and write (do not copy and paste) a brief definition of each term. (You will need to use the scroll arrows to the right of the list to get to some of the items listed).
Adverse Credit History: ________________________________________________________________________________________________________________________________________________________________________________________________________________________
Borrower:_______________________________________________________________________________________________________________________________________________________________________________________________________________
Default:_________________________________________________________________________________________________________________________________________________________________________________________________________________
Deferment:______________________________________________________________________________________________________________________________________________________________________________________________________________
Direct Loan Servicing Center: ________________________________________________________________________________________________________________________________________________________________________________________________________________________
COMPLETE THE REVERSE SIDE 
Direct Subsidized Loan:
_______________________________________________________________________
________________________________________________________________________________________________________________________________________________
Direct Unsubsidized Loan:
________________________________________________________________________________________________________________________________________________
________________________________________________________________________
Discharge:
________________________________________________________________________________________________________________________________________________
Forbearance:
________________________________________________________________________________________________________________________________________________
Grace Period:
________________________________________________________________________________________________________________________________________________
- NOW, on the left hand tool bar under the heading “Help”, click on FAQ.
- Click on the “Rights and Responsibilities” link.
- Write two rights and two
responsibilities in the space below:
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
·
NOW, use the scroll arrow to the
right and scroll to “Delinquency, Default & Credit Bureau Reporting”.
- Click on the question “What happens if I don’t pay my loan back?”
- Write a brief description of what
happens when you fail to pay your loan in the space below. Include the consequences.
________________________________________________________________________________________________________________________________________________________________________________________________________________________
NOTE: FAILURE TO COMPLETE THIS FORM ACCURATELY WILL
DELAY THE PROCESSING OF YOUR LOAN!
SIGNATURE:_________________________________________ DATE:________________________