Direct
Loan Counseling Video
Students who
are first-time borrowers of a Federal Direct Loan to attend
LSSU are required to view
an entrance counseling video provided by the federal government.
This 15-minute video explains the basic facts about subsidized
and unsubsidized Federal Direct Loans along with the student's
rights and responsibilities as a borrower. This information
will help you understand how to manage your student loan
and the commitment that comes with the acceptance of a
student loan. Above all, you must realize that student loans
are
not grants or scholarships; they require repayment.
This
video may be viewed in the Kresge Library (hours).
The videos are
available
at the Circulation Desk.
You may also view the entrance
counseling tutorial and take a quiz online at http://www.dl.ed.gov/exitcounseling/ecec-main.asp.
Follow
the
instructions
carefully and then fill out a copy of the Rights & Responsibilities
Summary page from the Entrance
Counseling booklet (The booklet is yours to keep
for reference). Once you have finished viewing the video,
remove the Rights and Responsibilities Summary page (page
21), sign it and return it to the Office of Financial Aid.