If you are a first-time student loan borrower, you are required to complete entrance counseling.   


Your school will conduct entrance counseling either:

  • In-person (individually or as a group) or

  • Online

Be sure to check with your school’s financial aid office to determine the specific entrance counseling process you need to complete.


During entrance counseling, you will learn the following:

  • The importance of your loan repayment options.
  • That loan repayment is required, regardless of educational outcome or subsequent employability.
  • The consequences of default.

  • The use of the Master Promissory Note.
  • How interest and capitalization affect your loan.

  • Your estimated monthly loan repayment amount.
  • How to retrieve your loan information through the National Student Loan Data System (NSLDS).
  • The importance of notifying the school and loan servicer of withdrawal or other changes in your school status.


Because you have decided to borrow a federal student loan to help pay for your educational expenses, it is important that you are aware of your Rights and Responsibilities as a borrower.