you can get it by downloading the freeDirect Loan Entrance Counseling Guideprovided by the U.S. Department of Education. The guide has five sections covering more than 20 topics, from the opening section that provides a basic understanding of the federal student loan system to topics such as...
If you’re a student with federal student loans, you’ll be required to complete exit counseling before you graduate college. Continue reading to learn more.
"I would really urge parents to sit down with their students and take a good look at the nonprofit options for their career path," says Martin Lynch, president of the Financial Counseling Association of America and compliance manager and director of education at Massachusetts-based Camb...
Entrance and Exit Counseling Highlights Include: Smart Borrowing (need vs. want) Student loan calculators Video-based steps that instruct the student on federal student loans, payment options, payment plans, consequences of default, etc. Pr...
Promissory Education: Reforming the Federal Student Loan Counseling Process to Promote Informed Access and to Reduce Student Debt Burdens.Student loan debt in the United States is now estimated to exceed one trillion dollars. However, in obtaining financial assistance, many postsecondary students do ...
Depending on the results of the FAFSA form, the college will then send a financial aid offer, which might include federal student loans. Thereafter, they will be required to complete their entrance counseling. The candidates may then go through the terms regarding the repayment of the loan and...
Complete loan counseling.Before you receive a loan, you’re required to complete loan entrance counseling to learn how your loan works, including repayment terms and how to avoid defaulting. You’ll also be required to sign a promissory note before accepting the loan. ...
Learn about Federal Stafford Loans, including the difference between Direct Subsidized Loans and Direct Unsubsidized Loans, eligibility, and repayment.
YES NO – STOP AND PROCEED NO FURTHER 2. Have you gone to www.studentloans.gov to complete Direct Loan Entrance Counseling? YES NO – STOP AND PROCEED NO FURTHER 3. Have you gone to www.studentloans.gov to complete a Master Promissory Note (MPN)? YES NO...
You must also complete all required counseling before receiving a TEACH Grant. What happens if I don't complete the four-year service obligation? If you fail to meet the service obligation, the TEACH Grant will be treated as a Direct Unsubsidized loan, and you'll have to repay the funds...