(Apply for Aid -- step 5 for continuing students
who did not borrow a federal loan in the prior year)
"Apply for Aid" steps are detailed
in a sequences of pages such as this one.
To review the full sequence of pages, return to the Home Page and
select the link appropriate to you under the heading “Apply for Aid.”
The checklist you see corresponds to this sequence of pages.
Go to www.studentloans.gov and select “Complete Entrance Counseling Session;” then complete the interactive entrance counseling session designed for graduate/professional students. This single session is applicable to both the Direct Unsubsidized Loan and the Direct PLUS Loan for Graduate Students.
In many ways this is one of the more important steps in the financial aid series of tasks. Your ability to manage debt rests squarely on these concepts:
1. Know your rights and responsibilities with respect to loans
2. Understand your repayment options
3. Be informed about loan forgiveness programs such as Public Service Loan Forgiveness (www.IBRinfo.org)
4. Inquire about employer-based loan repayment assistance programs
5. Understand your interest rate and when accrued interest is capitalized
6. Exercise good money-management practices
7. Take advantage of workshops, seminars, and information available on the internet to develop a good knowledge base about investing and preparing for retirement