Funding your education through federal student loans is a major investment in your future. To ensure that you understand the responsibilities of borrowing a Federal Direct Loan the U.S. Department of Education (USDOE) requires all first-time borrowers to participate in loan Entrance Counseling. As a part of Entrance Counseling, you will receive information about the federal loans, budgeting your expenses, repayment options, and your rights and responsibilities as a borrower. An Entrance Counseling session takes about 20-30 minutes to complete. Click on Entrance Counseling to complete counseling. You must have a U.S. Department of Education FSA ID to complete the session. If you completed Direct Loan Entrance Counseling at another school, they may have that Entrance Counseling record sent to NJIT by following the steps below:
Log on to Entrance Counseling site using your FSA ID.
Click on your name at top right corner and select Documents from drop down.
Under My Documents, filter by Loan Counseling.
Click the down arrow Sub/Unsub/PLUS Entrance Counseling.
Click the Notify Additional School link to send notification about completed Entrance Counseling to NJIT.
Select New Jersey. Under “search school by name,” select New Jersey Institute of Technology.
Click Submit.
Below video provides step by step instructions to complete the Federal Loan Entrance Counseling.
Exit Counseling
When Federal Direct Loan student borrowers drop below half-time enrollment, graduate or leave school, they must complete Exit Counseling. This counseling provides important repayment information for the loans. Exit Counseling can be completed by logging in at https://studentaid.gov. To complete, click on Exit Counseling.
Complete Your Student Loan Entrance Counseling Requirement
