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Federal Student Loan Counseling

Understand your Federal loan obligations with entrance and exit counseling

Federal Student Loan Counseling is required when a student takes on a federal loan and when they graduate. Students will be instructed by their school on how to complete loan counseling, which many schools offer online.

  • Entrance counseling explains your initial responsibilities when you take out a federal direct student loan
  • Exit counseling reviews your responsibilities when you graduate and need to begin repaying the loan

Take advantage of these mandated counseling sessions to learn how to handle your Federal Direct Student loans responsibly. Get a head start on a positive financial future.

These are designed to help you understand your loan obligations, not overwhelm you with useless information. Here is an overview of what to expect.

Entrance counseling

Entrance counseling sessions may typically cover these topics:

  • Borrower's rights and responsibilities statement regarding any Federal Direct Stafford Loans
  • Repayment plans
  • Information about other sources of aid, from scholarships to aid from state agencies
  • School and federal policies covering withdrawals and loan refunds
  • How to budget successfully

Exit counseling

To prepare you for beginning to repay your Federal Direct Student Loan, these items are typically covered in exit counseling:

  • Explanations of grace periods and payment options
  • How to avoid delinquency and default
  • Deferment and forbearance options
  • A disclosure statement covering the loan balance owed and the number of payments

Additional student loan and college planning resources

Student Loan Deferment and Deferred Interest
Benefits of Prepayment
What Happens to My Loans When I Graduate?
How to Handle Financial Changes


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