Students who are first time borrowers of subsidized or unsubsidized Federal Direct loans must receive entrance counseling at or before the date the school can release the first loan disbursement. Entrance counseling is also required for Federal Grad PLUS loan borrowers who never previously borrowed a Federal Grad PLUS loan.
Entrance counseling helps ensure that the borrower understands the terms and conditions of the loan as well as his or her rights and responsibilities, before receiving the loan proceeds.
During Entrance Counseling, you will learn about the following:
- What a loan is and the loan process works
- Managing your education expenses
- Other financial resources to consider to help pay for your education
- Your rights and responsibilities
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Exit Counseling is an online educational course for borrowers of Federal Direct, Federal Grad PLUS, and Federal Perkins loans.The counseling is require for all borrowers who are no longer attending, or are currently registered for less than six credits. Exit Counseling needs to be completed even if you are planning to continue your education at another institution.
During Exit Counseling, you will learn about the following:
- Loan consolidation
- Loan deferment
- Repayment options
- Loan forbearance
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