ERIC Number: ED424833
Record Type: Non-Journal
Publication Date: 1997-Jul
Reference Count: 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)
Descriptors: Budgeting, Compliance (Legal), Counseling, Federal Aid, Federal Programs, Federal Regulation, Higher Education, Loan Repayment, Student Loan Programs, Student Responsibility
U.S. Department of Education, 600 Independence Ave., SW, Washington, DC 20202.
Publication Type: Guides - Non-Classroom
Education Level: N/A
Authoring Institution: Department of Education, Washington, DC.
Identifiers - Laws, Policies, & Programs: Federal Direct Student Loan Program; Stafford Student Loan Program