What is an "exit counseling" and why is it necessary?
If you graduate, withdraw or drop below half-time registration status, and you have borrowed a Federal Direct student loan, you are required to complete the Exit Loan Counseling requirement. This is an opportunity to remind yourself of your rights and responsibilities as a student loan borrower.
- Exit counseling must be completed within 30 days of entering one of these statuses even if you plan to return to school in the future.
- Exit counseling does not directly affect your academic standing, your ability to borrow financial aid in the future, or you loan repayment status, but it is still a requirement.
You can fulfill your exit counseling requirement by doing one of the following:
Exit Counseling Group Sessions
Attend an exit counseling group session at the University Center
More information may be found in the Exit Counseling Federal Student Aid website. This guide includes helpful information about Exit Counseling, loan repayment, loan disputes, loan forgiveness, and other useful resources.
Your loan servicer(s) will contact you regarding repayment of your federal loans including: details of amount owed, interest rate, and repayment options. If you have any questions or concerns, please don’t hesitate to contact your loan servicer. They are there to help. If you aren’t sure who your loan servicer(s) is, you can find this information on nslds.ed.gov or https://studentloans.gov along with your loan information and a summary of any other federal aid you received.
We are here to help! If you have questions or concerns, please call the financial literacy coordinator at 907-786-6149, email firstname.lastname@example.org.