Then entrance counseling, also known as loan counseling, is for you. Taking time to review can help you understand your rights and responsibilities as a student loan borrower. The federal government requires all Stafford borrowers to participate in entrance counseling in order to receive federal student loan funds.
Some schools require entrance counseling for each federal student loan issued.
Loan terms and conditions. Rights and responsibilities of the borrower. Repayment and consolidation plans. Deferment, forbearance, and cancellation options. Late payment and default consequences.