Loan Counseling - Entrance
Whether you borrow a Federal Direct Subsidized/Unsubsidized or Grad PLUS Loan,
review information you should consider before borrowing a student loan. Obtaining a student loan can open up opportunities for a post-secondary education that would not otherwise be possible. However, borrowing more than you need to can limit your career choices after graduation. Though South Dakota Mines students have the potential to make above average incomes after graduating, they should still carefully consider the actual amount they need to finance their education.
Subsidized/Unsubsidized Loan Entrance Counseling: If you are a first time Direct Loan borrower, you must complete
Loan Entrance Counseling before your loan funds can be applied to your account.
Graduate PLUS Entrance Loan Counseling: The U.S. Department of Education now requires that graduate students applying for a Graduate PLUS loan complete Entrance Loan Counseling specific to this loan program. If you are borrowing a Graduate PLUS loan for the first time, you will need to complete the counseling before loan funds can be disbursed to you.
By indicating that you will or have attended South Dakota Mines, we will receive an electronic notification that you have completed these requirements. It is also a good idea to retain the confirmation number or make a printout of the confirmation page for future reference.
The Federal Student Aid website provides you access to information about how much you have borrowed, at what college or university and with which loan servicer(s). You will need to have your FSA ID in order to access this site.
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