Entrance Counseling

Regulations require that first time borrowers of Direct Loans receive entrance counseling, which is an explanation of how the student loan program works, how to complete a Master Promissory Note (MPN), the importance of repaying the loan, and the consequences of default. 

If a student has received federal student loan funds at a previous institution before enrolling at Miller College, the student is not required to officially complete entrance loan counseling again; however, students are reminded that Federal Direct Subsidized and Unsubsidized Loans are considered financial aid resources which must be paid back at a later date, unlike grant and scholarship assistance. 

If a student who has not previously borrowed student loan funds decides to apply for federal student loans at Miller College, the student is required to complete entrance loan counseling either on-line at www.studentloans.gov or in person with the Dean of Student Services and Financial Aid. Loan counseling includes a description of the types of loans available to students and parents as well as explanations on the student’s rights and responsibilities with student loan borrowing.  Information includes maximum amounts available, interest rates, deferment options and monthly repayment charts.