“Entrance counseling ensures students understand the terms and conditions of their loan(s) and their rights and responsibilities," she says. "Students learn through entrance counseling how interest works, their repayment options and how to avoid delinquency and default. As students exit college or i...
Federal Student Loan Counseling Guide Entrance and exit counseling are mandatory, and your school may have other requirements. Sammy AllenSept. 7, 2022 Grad PLUS Loans: What to Know There are benefits and trade-offs to these federal student loans for graduate or professional school. ...
After the student accepts the offer of admission, the student will undergo loan counseling, sometimes called entrance counseling. The loan counseling will emphasize that the borrower is responsible for repaying the student loans even if the student drops out of college or doesn’t like the quality...
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.
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...
If you are taking out federal student loans, it's a requirement that you complete an entrance counseling course. Kelly recommends that you pay extra attention to this process and not rush through it. What if I have questions about student loan? If you have specific questions about your...
If you’re admitted to a program, your school will send a financial aid offer that may include federal loans. Before receiving federal loan funds, you will: Complete entrance counseling either in person or online with a financial counselor. You’ll learn your rights and responsibilities as a ...
When consolidating your private student loans, you will typically be required to undergo entrance and exit loan counseling. This will help the lender in better understanding how to structure the consolidation loan that will work best for you. ...
It notes that the student loan repayment provides the Generation Y an opportunity for the debt management education. It mentions the entrance counseling provided by the Department of Education to fi...
If you’re a graduate or professional student taking out a Direct PLUS Loan for the first time, you must complete entrance counseling before receiving your first loan disbursement. Counseling isn’t required if you’re a parent taking out a Direct PLUS Loan to help pay for your child’s edu...