Guide to Student Loan Entrance Counseling
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When is student loan counseling required? What’s involved? How long does student loan counseling take? What are the benefits of student loan counseling?
What Is Student Loan Entrance Counseling?
What Happens During Entrance Counseling?
How federal student loans work Your options for repayment plans (and which one is right for you) How to estimate the cost of your education Your repayment obligations and when you start paying your loans What happens if you miss any payments.
Entrance Counseling Process
The name of the school where you’ll enroll Income and financial aid information Estimated living expenses
How Long Does It Take for Entrance Counseling to Process?
Completing Entrance Counseling
Requirements for Entrance Counseling
Your federal student aid ID Your email address Your date of birth Your Social Security number Your income The name of your school Financial aid information Your current and anticipated living expenses.
Is Entrance Counseling Completed Every Year?
Benefits of Student Loan Counseling
Understand Your Loan Terms
Explore Federal Repayment Plans
Learn How to Avoid Default
Estimate Your Cost of Attendance
Find Out About Credit and Budgeting
3 Student Loan Tips
Refinancing your student loan can lower your monthly payments and help you adjust your loan term. Compare student loan refinancing rates to find a loan that works for you. Paying extra each month on your student loan can reduce the interest you pay and so lower your total loan cost over time. (The law prohibits prepayment penalties on federal or private student loans.) If you teach full-time for five complete and consecutive academic years in a low-income school, you may be eligible for federal student loan forgiveness.
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