Conducting an Initial Loan-Counseling Session

Who will be present?
Initial counseling may take place between the student financial-aid adminstrator, the student and parent, or it may take the form of a group meeting. Other student financial-services staff also may be present.

When will it occur?
Loan counseling occurs in the initial stages of the loan-origination process. If your school or college offers orientation sessions to new students, loan counseling may also be offered at that time.

What will be discussed?
At this point you may want to introduce students to the entrance interview components. During the initial loan-counseling stage or during the entrance interview, financial-aid staff need to collect information from student-borrowers. The following tools provide model forms and procedures for use during initial counseling.

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