Student loan "Entrance Counseling" vs. "Financial Awareness Counseling"?

Paying for College
1

<p>Can anyone tell me whether I can open the student loan Entrance Counseling page to look it over but not complete it? It says you cannot save it and go back to it, but can you just take a peek?</p>

<p>I'm asking because my D is a first-time borrower with little understanding of loans. We're intending to sit down and have a family meeting about everything, but I don't want to be redundant. I don't want to give her a 1/2 hour "lesson" if all the same stuff is going to be covered in the Entrance Counseling.</p>

<p>I was able to look at the Financial Awareness Counseling and that part has some very good info. I read that it is designed as a follow-up for upperclassmen. Does that mean that all that same material is covered in Entrance Counseling?</p>

<p>Can I assume that Entrance Counseling will give her the necessary information to understand what she's getting into, do you think? (We will still go through it as a family so that everyone understands....)</p>

<p>Thank you!</p>

2

<p>The exam will tell you something and then ask the question on the same page. It’s hardly an exam and hardly counseling. To take it seriously, if you don’t know the stuff, you had better take notes. My son just raced through it as the questions were from each paragraph that you just read. Sadly, he didn’t retain any of it, but got a strong taste that was and is far more lasting, when he worked at paying back the loan he took Took him about 7-8 months more than he had planned and he was horrified to see that interest mount even at 4%.</p>

3

<p>Thanks… so it sounds like maybe we should do the “Financial Awareness Counseling” section first, then…</p>

4

<p>Absolutely have that discussion. That’s one I don’t find any problem with being redundant.</p>