The amount you borrow may affect your credit. The federal government requires lenders to report outstanding student loan balances to a national credit bureau. If you borrow excessively, this may affect your ability to borrow for a car, house, or other purchases after you graduate. Repaying your student loan on time can help establish and maintain a good credit history. This counseling is provided by the school to inform a student about debt and accumulated indebtedness.
Some schools allow On-line entrance counselling.
Check with the school you are attending for details. All Rights Reserved. Designed and Powered by MIS, Inc.