Loan Counseling

Category: Loans

What is loan entrance/exit counseling?

Loan entrance counseling is required by federal regulation for all first-time borrowers. The on-line counseling session gives an overview of the federal loan program, including the types of loans available, interest rates, borrower rights and responsibilities, etc. 

Loan exit counseling is required when borrowers graduate or leave college to make sure they understand their rights and responsibilities as a borrower, as well as learn about repayment options.

Entrance and exit counseling can be completed at studentaid.gov.