Oh yeah, I was told that it goes for those who have a federal loan but has some kind of specifics conditions, is that right?
You're not mistaken. Effectively, Exit Counseling is reserved for those students who want to prepare themselves for repaying their loans, being these from federal programs. In any case, you must go through counseling each time you drop below half-time enrollment, you graduate or you leave the school.
Ah, so that is what entrance counseling is for. So, what if I'm completing entrance counseling to borrow a loan as an undergraduate student?
Then the entrance counseling will fulfill counseling requirements for Direct Subsidized Loans and Direct Unsubsidized Loans.