Why do I need to do entrance counseling?
The entrance counseling is required for both the Direct Student Loan and Perkins Loan. The counseling session provides information about how to mange your student loans, both during and after college. The entrance counseling will walk you through the process and explain your rights and responsibilities as a borrower.
How long does it take to complete the online counseling session?
The counseling session could take 20-30 minutes
Is the entrance counseling session done totally online?
Yes, the counseling session is done online. The counselors from the financial aid office will be able to answer and assist on any questions that you may have.
Will I need to do entrance counseling each year that I have a loan?
You will only need to complete the entrance counseling once for the Direct Student Loan. If you have not previously received a Direct Loan or Federal Family Education Loan (FFEL), the Federal Government requires you to complete loan counseling to ensure that you understand the responsibilities and obligations that you are assuming. The Perkins loan entrance counseling is done each year that you have the loan.
When would I need to do the exit counseling?
Exit counseling is a required process for every student who takes out a federal student loan. This process will help you with proper repayment management, as well as management of your personal finances. This is the time when you will learn the rules, how you can consolidate your loans, and the consequences of defaulting on payments. This is a two phase process, one that is done online and the other is when you will meet face to face with your financial aid counselor.