If you are a first-time borrower, you are required to complete Direct Loan entrance counseling prior to receiving the first disbursement of a Direct Loan. Counseling is completed online at www.studentloans.gov and will help you understand your rights and obligations as a student loan borrower. Loan counseling must be completed before you can receive loan funds.
Federal regulations also require that you complete exit counseling to help you to understand the responsibilities and repayment obligations for your student loans. Exit counseling is completed online at https://studentloans.gov/myDirectLoan/counselingInstructions.action. To assist you, the U.S. Department of Education has compiled the Exit Counseling Guide for Federal Student Loan Borrowers. This process should be completed before you graduate; before transferring to another institution; before withdrawals and leaves of absence; or if you are enrolled less than half time.