Entrance Counseling

Entrance Counseling is a Federal requirement and must be completed by the student borrower for the Federal Perkins Loan Program, for the Federal Direct Subsidized Stafford Loan Program, and for the Federal Direct UNSubsidized Stafford Loan Program.

Entrance counseling is required in an effort to ensure that borrowers understand their rights and responsibilities with regard to borrowing federal student loans as well as be provided with a clear explanation of the consequences of defaulting on student loans and/or for late payment of loans. Students will complete this requirement online, however, some colleges will require, or suggest, that a student also attend an in-person entrance counseling session.

Learning about loan repayment options and responsibilities is an important piece of being a loan borrower. There is a cost associated with borrowing money today that will be repaid in the future, thus it is important to limit borrowing and understand the parameters under which you borrow. We highly recommend that you attend any in-person seminars offered on this topic by your college, as the more that you know about loan repayment, the better!

Your college will provide you with information on completing the Master Promissory Note (MPN) and Entrance Counseling for the Federal Direct Stafford Loan Program(s) and the Federal Perkins Loan Program.

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