Entrance counseling helps students understand the rights and responsibilities of their loans before they incur loan debt. This counseling covers:
- The importance of repayment
- The consequences of default
- The use of the Master Promissory Note
- Examples of sample monthly repayment amounts
Note that SAIC cannot credit a student's account with loan proceeds until after the online entrance loan counseling is complete.
Federal Direct Subsidized and Unsubsidized Student Loans
Students borrowing Federal Direct Student Loans who have not previously received a Federal Direct Student Loan (at SAIC or any other school) must complete online entrance counseling before SAIC can make the first disbursement of the loan. Entrance loan counseling for direct loans is only needed once when the student first borrowers a Federal Direct Stafford (subsidized and/or unsubsidized) or a Grad Federal Direct PLUS loan. To complete entrance counseling for Federal Direct Loans, students must log on to StudentAid.gov with their FSA ID and click on the link named "Complete Counseling." Entrance Counseling is in the form of an online session that the student (the borrower) must read and answer several questions.