A: To me, it's when leaving a college, they need/want to tuition money so they basically make you get a loan so the loan provider would deal with you rather than the school.
Direct Loan Entrance/Exit Counseling - Entrance Counseling Captions) - Department of Education 2008 - - Start Here and Go Further, with Federal ...
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Code of Federal Regulations, Title 34, Education, Pt. 400-end, Title 35 (Reserved), Revised as of July 1, 2010
(6) Entrance counseling for Direct Subsidized Loan and Direct Unsub- sidized Loan borrowers must — (i) Explain the use of a Master Promissory Note (MPN); ...
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Exit counseling guide for direct loan borrowers
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Funding Education Beyond High School:The Guide to Federal Student Aid 2006-2007
Keep in touch with your lender or loan servicing agency. Receive entrance and exit counseling • For Direct or FFEL Stafford Loans, you must receive entrance ...
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Do you really want to pursue college, but you’re running out of cash? Would you just let that dream die? Good news is the government, through the Education Department are offering programs to help one get through college. Student financial aid direct loans are an inexpensive and simple way of lending money to help them pay for college expenses like books, tuition fee, dorm fee and any other educational expenses. If you are planning to get a student loan from this program, try to check if your school recognizes it. Furthermore, if the school participates with this program, complete a form called a master promissory note. It would serve as a legal binding agreement between you and the Department.
You may choose from four repayment plans. Choose the plan that you consider would best suit you. They are standard, extended, graduated and income contingent payment scheme. Under the standard plan, the borrower