The entrance interview is a process that should be reviewed. Why wait until a student starts to talk to them about thier financial obligation and expectation. In a 5-minutes first interview you can expect no more then their name,address and desire to learn. But what about their ability to pay back the obligation. How is this presented so that everyone knows what is expected?
Michele,
The basic information you provide prior to the formal entrance interview should include annual loan limits, interest rate, and repayment terms. As long as you are touching on these areas, students can make informed decisions about borrowing before they start class and complete the entrance interview prior to the first disbursement of their loans.
Diana
