Federal Direct Loan Entrance Counseling

All students borrowing under the Direct Loan program who have never borrowed under the program previously must complete an entrance counseling session.

Completion of entrance counseling via the Internet is easy and will take about 20 minutes. There will be a quiz at the end of each section. Once you have completed the counseling session, you may print a copy for your records. Ithaca College will be informed electronically when you complete your session.

You will need some information handy to electronically complete the Entrance Counseling session:

  • your Social Security Number
  • your Federally assigned Personal Identification Number (PIN).

To retrieve federal PIN or to register for a pin visit: www.pin.ed.gov

Federal regulation requires that you are presented with the Average Federal Loan Indebtedness for the Ithaca College Class of 2012. This information is based on a random survey of 100 seniors who have borrowed under the program.

Average total Federal Loan Indebtedness: $23,849

Average estimated monthly Federal Loan payment (based on 120 months):

Interest Rate Monthly Payment Total Interest Paid Total Interest/Principal Paid
3.4% $235 $4,317 $28,166
4.5% $247 $5,811 $29,660
5.6% $260 $7,352 $31,201
6.0% $265 $7,923 $31,772
6.8% $274 $9,086 $32,935