Commencement: Financial Requirements 

Financial Obligations

Students graduating in spring 2008 must clear their student account balance by 4:00 pm on Monday, May 5, to be eligible to receive their diploma at the Commencement ceremony. 

Mandatory Exit Loan Counseling for Federal Stafford Loan Borrowers

Exit Loan Counseling is required for all Federal Stafford Loan recipients and is an excellent opportunity for you to review both your responsibilities and your rights as a student loan borrower. You will be able to complete this requirement online. In early April, you will receive letter in the mail which will include the instructions for completing the online Exit Loan Counseling. The instructions are also provided below for your convenience.

Online Stafford Loan Exit Counseling Instructions:

1. Go to http://www.edfund.org/ and click on the red “EDTEST” icon.
2. Under “Student Access” choose “California” and click “Get Schools.”
3. Select “Mills College” from the pull-down menu, select your enrollment level, and then click “Continue.”
4. Choose “Exit Exam” and take the test to complete your loan counseling requirement.
5. Be sure to electronically submit the results of your loan counseling by clicking the “Submit Results” button. Note: it is not necessary to submit a paper copy of the results to the M Center.

back to top

Mandatory Exit Loan Counseling for Federal Perkins Loan Borrowers

If you have had a Federal Perkins Loan while you were enrolled at Mills, exit loan counseling is required. There are two steps to completing the exit loan counseling:

1. Complete an online exit exam:
   • Go to http://www.edfund.org/
   • Click on the red “EDTEST” icon.
   • Under “Student Access” choose “California” and click “Get Schools.”
   • Select “Mills College” from the pull-down menu and then click “Continue.”
   • Choose “Exit Exam” and select “Perkins Exit” next to Exam Type
   • Take the test and click “Submit Results”
2. Come to the M Center between April 28 and May 9 to complete additional forms that include information on loan deferment and loan repayment.

If you do not complete the exit packet by May 9, it will be sent to you by certified mail and a hold will be placed on your record restricting you from receiving college services such as transcripts, diplomas, etc., until the completed forms are returned to the M Center. This paperwork is separate from the Federal Stafford Loan and Mills College Loan exit requirements.

back to top 

Mandatory Exit Loan Counseling for Mills College Loan Borrowers

If you have had a Mills College Loan while you were enrolled at Mills, exit loan counseling is required. Come to the M Center between April 28 and May 9 to complete an exit packet, which includes forms you must fill out and information on loan deferment and loan repayment.

If you do not complete the exit packet by May 9, it will be sent to you by certified mail and a hold will be placed on your record restricting you from receiving college services such as transcripts, diplomas, etc., until the completed forms are returned to the M Center. This paperwork is separate from the Federal Stafford Loan and Perkins Loan exit requirements.

back to top