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Loans Exit Counseling

Loan Exit Counseling

Quick Links for Exit Counseling

Undergraduate Students -Loan Exit Counseling

Graduate Students - Loan Exit Counseling

What is Exit Loan Counseling?

Exit Loan Counseling is a required counseling session when a student gets ready to graduate, enrollment drops below half time (below 6 hours) or leaves school to advise the student of their rights and responsibilities of borrowing educational loans. Exit loan counseling is a requirement to keep Stafford loan eligibility for a student who plans to return to school in an up-coming semester. Completing Exit loan counseling does NOT put a student in repayment.

  • An explanation of the use of an MPN
  • The importance of the repayment obligation
  • A description of the consequences of default
  • Discuss debt management strategies
  • Review Forbearance, deferment, and cancellation options
  • Providing sample repayment schedules
  • Familiarization with a borrower’s rights and responsibilities as well as other terms and conditions
  • Reminder of funds borrowed
  • List of the student loan lenders and contact with National Student Loan Data System online or calling 1-800-4-FED-AID
  • Receive average anticipated monthly repayment amount
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