06.23.10 | What is Entrance Counseling?
Taking out student loans is a major responsibility, one most prospective college students undertake without actually knowing the ins and outs of the process. For that reason, the federal government requires entrance counseling for any undergrad who is taking out a Direct Loan, and has not previously taken out federal student loans.
Entrance counseling advises students on their rights and responsibilities as student loan borrowers. Generally, students can meet their entrance counseling requirement by taking the tutorial on the Federal Aid website. The first step should be to contact the university’s financial aid office for information on satisfying the school’s specific entrance counseling requirement.
Remember, the goal is to stay informed about your financial aid decisions. Be sure to visit Student Loan Network throughout the summer as we provide up-to-date information on federal aid, alternative loans and scholarships.
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