Entrance counseling provides all information about types of federal student loans.
It will give the detail about how interest works, repayment options and how to avoid delinquency and default.
It also gives students the opportunity to learn about the responsibilities with budgeting, credit and repayment.
Counseling is important because students need to understand the financial obligations of borrowing this loan.
They have rights and responsibilities for loans they borrowed and for this Counseling is must.
This counseling takes only 30 minutes. If students get is it will easy for them to prepared for loan repayment later.
It is also said that Students will not receive their federal loans without completing entrance counseling first.
It means if you Delay the counseling you have to wait too long to receive loan payouts.