Entrance Counseling

New student borrowers must complete Entrance Counseling at studentloans.gov. The loan will not credit to the student’s account until both a Master Promissory Note and Entrance Counseling are completed.
Entrance Counseling will explain:

  • The effect of the loan on the eligibility of the borrower for other forms of aid
  • The seriousness and importance of the student’s repayment obligation
  • The use of the Master Promissory Note
  • Information on the accrual and capitalization of interest
  • Borrowers of unsubsidized loans have the options of paying interest while in school
  • Definition of half time enrollment and the consequences of not maintaining half time enrollment
  • Sample monthly payment amounts
  • The obligation of the borrower to repay the full amount of the loan regardless of whether the borrower completed the program
  • Consequences of default
  • Information about NSLDS
  • Contact information for the borrowers questions about the loan


Exit Counseling

When the student graduates or drops below half time enrollment, the student must complete exit counseling to review the provisions of the student’s loans. This may be done online at www.studentloans.gov. Exit counseling will provide information on:

  • Repayment plan options
  • Average anticipated monthly repayment amount
  • The seriousness and importance of student’s repayment obligation
  • Consequences of default
  • Debt management strategies
  • Options and consequences of loan consolidation
  • Tax benefits available to borrowers
  • Other information regarding loan repayment

Get Entrance Counseling and MPN Instructions Here