NETWORKS BARBER COLLEGE FINANCIAL AID & V.A Benefits NOW AVAILABLE!!! (for those who qualify)
          NETWORKS BARBER COLLEGE                      FINANCIAL AID & V.A Benefits                      NOW AVAILABLE!!!                   (for those who qualify)

Exit Counseling

 

All student loan borrowers are required to complete Exit Counseling regarding their student loans.  A student must complete Exit Counseling when they graduate, drop below half-time enrollment, or withdraw from Networks Barber College.  The exit counseling provides information regarding the rights and responsibilities of the student.  It is quite important that students who have borrowed student loans know what to do if there are problems with making payments and what will happen if payments are not made on the student loans.  Specific elements that will be included in the Exit Counseling are as follows:

  • the terms and conditions of the loan
  • an example or actual monthly payments available repayment plans
  • deferment and forbearance options
  • loan forgiveness and cancellation provisions
  • the ability to accelerate repayment without a prepayment penalty
  • the pros and cons of consolidation, such as the impact on minimum monthly payments, loan terms and loan benefits (e.g., the loss of the grace period and forgiveness options)
  • the consequences of default, including ruined credit, litigation, referral to collection agency, wage garnishment, offset of income tax refunds, the deduction of collection charges of up to 25% from payments, nonrenewal of professional licenses, and the loss of deferment and forbearance options
  • availability of tax benefits, such as the student loan interest deduction
  • the following information will be collected during this time: Name, Address, Social Security Number, References, Driver’s license number and state, Expected permanent address, Name and address of next-of-kin.

 

Also, understanding the payment options, interest rates and other terms of the student loans will allow students to maintain their loans in good standing for future credit purposes.  You can complete the exit counseling at www.studentloans.gov with the financial aid officer. 

 

Address

Networks Barber College
508 Burnham Ave
Calumet City, IL 60409

 

(708) 868-8115 

info@networksbarbercollege.com


Or use our online form.

School Hours

Student Hours

Monday 8:30am - 6pm

Wednesday 8:30am - 6pm

Thursday 8:30am -6pm

Friday 8:30am - 6pm

Saturday 8:30am - 6pm

 

Client Hours

Monday 10am - 5pm

Wednesday 10am - 5pm

Thursday 10am - 5pm

Friday 10am - 5pm

Saturday 10am - 5pm

 

Tuesdays & Sundays

Closed 

 

Holiday Closures

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New Years Day - January 1, 2017 - January 3, 2017

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Martin Luther King, Jr. Day - January 16, 2017

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Memorial Day - May 26 -  May 29, 2017

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Independence Day - July 4, 2017

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Labor Day - September 4, 2017

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Thanksgiving Day - November 23, 2016 - November 25, 2017

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Christmas Day - December 25-27, 2017

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