Entrance and Exit Counseling – Debt Management

Entrance Counseling

Before receiving a Federal Stafford or Graduate PLUS Loan, federal regulations mandate that borrowers complete an On-Line Entrance Counseling Session. This interactive counseling session provides useful tips and tools to help you develop a budget for managing your educational expenses and helps you to understand your loan responsibilities.

What you will learn:

  • Promises you make when you sign the Master Promissory Note (MPN).
  • Consequences of not repaying your student loans.
  • Interest and other costs associated with your student loans.
  • Steps you must take before leaving school.
  • Various repayment strategies and options to help you save money on your student loans.

www.studentloans.gov

 Exit Counseling

Prior to graduating or leaving school, students who have borrowed through Federal Stafford or Graduate PLUS Loans must complete an on-line exit counseling session. The on-line exit counseling provides information about how to manage your student loans after college and will explain your rights and responsibilities as a loan borrower.

What you will learn:

  • Aspects of student loan repayment.
  • Consequences of not paying back your loan.
  • Benefits and cost savings of repayment.
  • Repayment choices.

www.studentloans.gov