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ERIC Number: ED424833
Record Type: Non-Journal
Publication Date: 1997-Jul
Pages: 27
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Entrance Counseling. Guide for Borrowers. William D. Ford Federal Direct Loan Program.
Department of Education, Washington, DC.
This guide for student first-time borrowers presents the basic facts about subsidized Federal Direct Stafford/Ford Loans and Federal Direct Unsubsidized Stafford/Ford Loans. Components of the guide include: (1) a section providing such information as amounts that can be borrowed, interest rates, loan fees, the various repayment plans, and loan consolidation; (2) a section which explains eligibility for deferments; (3) a section which explains eligibility for forbearance, consequences of failing to repay the loan, and requirements while in school; and (4) a section on budgeting, including a budget planning worksheet, a quiz that reviews the guide's critical information, a loan history worksheet, a list of important things the borrower should know, a summary checklist of student rights and responsibilities, and definitions of common loan terms. (DB)
U.S. Department of Education, 600 Independence Ave., SW, Washington, DC 20202.
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Students
Language: English
Sponsor: N/A
Authoring Institution: Department of Education, Washington, DC.
Identifiers - Laws, Policies, & Programs: Federal Direct Student Loan Program; Stafford Student Loan Program