After you have been approved for financial aid, if you are choosing to use loans to help fund your college education, you are going to be selected to use entrance counseling. Generally, you will have to sign a promissory note and go through entrance counseling in order to accept your loan amount, whether you are using subsidized or unsubsidized loans. Entrance counseling is a requirement because of the amount of seriousness associated with the financial commitment of using federal student loans to pay for your college education. The government wants to ensure that you understand that you will have to pay these loans back in the future and that you will pay them after you finish school.
There are two different forms of entrance counseling. Some colleges offer entrance counseling at their campus. You may need to listen to a lecture or navigate to a website in order to participate in the counseling session. You may also have a counselor explain the elements to you. The use of these methods depends on what type of program you are in and also the amount of access that the school has to various forms of technology.
You can also experience entrance counseling online. Typically, you will be directed to a website by your college or university and it will contain all of your loan information. You will be able to sign your promissory note on this site and proceed with the entrance counseling experience. This option is typically offered to distance education students in online programs, although there are many colleges that offer it to all of their students because using the online method is the most convenient and easy way for students to have access to all of the information about their student loans.
Importance of the FAFSA
Above anything, you must fill out the FAFSA if you want to ensure that you will be eligible for any type of financial aid. It doesn't matter if you are interested in local, state, or federal financial aid programs, you have to fill out the FAFSA and submit it in order to be able to have access to these options. The form can be filled out in person at a college or online. If you are having problems with understanding or filling out your FAFSA form, the counselors at the financial aid office will be able to assist you.
Ultimately, if there is anything that you don't understand about financial aid, you may want to get in contact with a counselor at your college or university. Many of the people who work in the financial aid department have the experience to answer your concerns or questions and will be able to provide you with information that will give you more insight into your circumstances. They will be able to explain the different options that are available to you and will also be able to help you handle many of the forms that are associated with various elements of the financial aid process.
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