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Student loan entrance counseling explains the terms and conditions of your federal student loan for trade school and ensures you understand your rights and responsibilities when it comes to repaying your loan. Entrance counseling also teaches you what a loan is, how interest works, what your repayment options are, and how to avoid defaulting on your loans.
Apex Technical School will process Federal Stafford Loans through the Federal Direct Student Loan Program (DL student loan) and will complete the Direct Lending Entrance Counseling process using forms and brochures provided by the U.S. Department of Education (DOE). All students will be actively counseled and instructed by financial aid staff prior to being asked to complete the DL forms.
Federal Direct loans will not be disbursed to a student until the student’s loan entrance counseling has been completed and proper documentation has been obtained.
The entire entrance counseling process must be completed in one session. Set aside at least 30 minutes to complete counseling. It can take between 24 hours and 7 business days for Apex Technical School to be notified of your student loan entrance counseling completion.
Student loan exit counseling provides important information that you need as you prepare to repay your federal student loan. It gives you tips on preparing to repay your loans, including repayment strategies and next steps.
Prior to graduating (within the last 450 clock hours of the student’s program) or upon exiting for any reason prior to graduation (after first disbursement has been made), student borrowers will be informed of the necessity to complete exit counseling.
