Who Must Complete Entrance Counseling?
Borrowing money for school is a serious, long-term, financial obligation. We want to insure that all borrowers learn how to handle their finances so that they are in a position to repay their loan debts after they leave Lasell College. The Department of Education mandates that all first time Federal Direct Student Loan and Federal Grad PLUS borrowers complete an "entrance counseling" session before receiving their first loan. Loan proceeds can not be credited to students' accounts until they fufill this requirement.
This tutorial will walk you through some of the major sections of the NEW online exit counseling program on the StudentLoans.gov website.
Federal Direct Stafford Loan / Grad PLUS Online Entrance Counseling
- Sign on to the StudentLoans.gov site. The log in page will request your Social Security Number, Name, Date of Birth and Federal Student Aid PIN Number.
- Through the StudentLoans.gov Entrance Counseling process, borrowers will learn about: Students who are borrowing for the first time under the Direct Stafford or "Grad PLUS" programs must complete a Master Promissory Note.
Step 2: The first page will ask borrowers to identify themselves as either an undergraduate or graduate student. All graduate students will automatically also complete counseling for the GradPLUS Program
Step 3: Borrowers will then review some basic information and "Helpful Hints" for completing the module.
Step 4: You can choose up to three schools to receive results from your Entrance Counseling session
Step 5: Borrowers will then complete a training session on a series of topics. At the end of each topic, the borrower must complete several quiz questions
You're DONE! Borrowers are able to print a confirmation page when they have completed the training modules. Once a borrower completes an Entrance Counseling session on the StudentLoans.gov websitem an "Entrance Counseling Acknowledgement" will be electronically sent to the schools listed in Step 4.
Students who are borrowing for the first time under either the Direct Stafford or Grad PLUS Programs must complete a Master Promissory Note as the final step in the application process.