By: Federal Student Aid
As students and families prepare for education beyond high school, cost is a critical consideration. At Federal Student Aid, we know students and families often have to make tough decisions about higher education, and we know the COVID-19 emergency has made some of those decisions even harder.
In typical times, submitting the Free Application for Federal Student Aid (FAFSA®) form is the first step students and families should take to access federal dollars for college or career school; this is especially true during this challenging period.
Federal Student Aid has renewed our commitment to delivering innovative tools and resources to empower you throughout your financial aid journey. This month, we’ve made updates to some of those pretty well-known resources on StudentAid.gov: entrance and exit counseling.
Entrance counseling—required before you receive your first Direct Subsidized or Direct Unsubsidized Loan as an undergraduate and before you receive your first Direct PLUS Loan as a graduate or professional student—ensures that you understand the responsibilities and rights that come with taking out a federal student loan. Exit counseling—required when you leave school or drop below half-time enrollment—provides important information needed to prepare for repaying federal student loans.
Entrance and exit counseling are critical parts of the financial aid journey, and we’re excited to make this experience better for you.