To manage their loans effectively, U.S. postsecondary student loan borrowers must make a variety of important decisions that require significant knowledge and financial skills and entail considerable risk. Federal law requires colleges to provide student loan counseling to their federal student loan borrowers, but there is significant room for improvement in the ways that policy promotes better-informed borrowing. This report (fifth in a series of five from TG Research) summarizes the findings of four previous TG studies on the financial counseling research literature, the legislative history of student loan counseling, the on-the-ground borrower experience with online counseling, and the measures some institutions have taken to better counsel their student borrowers. It uses these findings to inform policy recommendations aimed at more effectively providing student loan borrowers with the knowledge and skills to borrow and repay their loans in a responsible manner best suited to their individual needs. [For the related reports, "Informed or Overwhelmed? A Legislative History of Student Loan Counseling with a Literature Review on the Efficacy of Loan Counseling. Research Report," see ED579985; "From Passive to Proactive: Understanding and Improving the Borrower Experience with Online Student Loan Exit Counseling. Research Report," see ED579880; "A Time to Every Purpose: Understanding and Improving the Borrower Experience with Online Student Loan Entrance Counseling. Research Report," see ED579881; and "Above and Beyond: What Eight Colleges Are Doing to Improve Student Loan Counseling. Research Report," see ED579872. This report was written with the assistance of Carla Fletcher, Kasey Dlepfer, and Jeff Webster.]