Entrance counseling is required for all first-time student Direct Stafford Loan borrowers.  Before receiving the first disbursement of a Direct Subsidized or Unsubsidized Stafford Loan, a borrower who has not received a prior Direct Subsidized or Unsubsidized Stafford Loan, Federal Stafford or SLS Loan must complete entrance counseling.  A Direct Loan student borrower who is graduating, leaving school, or dropping below half-time enrollment is required to complete exit counseling.