Your expected graduation term is recorded on your student record as the semester you plan to finish your undergraduate degree.
As a student who has received financial aid at the University of Minnesota, Morris, the accuracy of your expected graduation term
is important because it prompts the following two actions related to your financial aid.
Financial aid for future terms is canceled
One month before the end of your expected graduation term, any financial
aid awarded you for terms that begin after your expected graduation term
will be canceled regardless of your future enrollment status. A notice
will be sent to your University student e-mail account to inform you of
the cancellation. If your graduation is delayed, be sure to promptly update
your expected graduation term to avoid having your financial aid awards
canceled.
Loan exit counseling session is required
Before you graduate, you must participate in a loan exit counseling session
and complete any required paperwork if you’ve borrowed from any of
the following loan programs:
- Federal Perkins Loan
- Ford Federal Direct Subsidized and/or Unsubsidized Loan
During the loan exit counseling session you will be provided with your
borrower rights and responsibilities as well as those of the lender.
There will be an opportunity to have your questions answered on loan
repayment, deferment, and conditions that qualify for cancellation of
your loans.
Attention Federal Perkins Loan
borrowers: You are
required to complete paperwork for your
loans before you graduate or a hold will
be placed on your record. If you are
graduating spring term, you are encouraged
to complete your exit counseling by contacting
Student Financial Collections on the
Twin Cities campus at 612-625-8007 or
stdtloan@umn.edu. If
you have questions contact Andy Sharp
at 800-992-8863.
Attention Ford Federal Direct
Subsidized and/or Unsubsidized Loan borrowers: If
you have borrowed a Ford Federal Direct
Subsidized and/or Unsubsidized Loan
you’ll complete your loan exit
counseling session online at www.dl.ed.gov. You
do not need to complete any paper forms
or contact the Financial Aid Office unless
you have questions.
