Loan Exit Counseling
Loan Exit Counseling
When you graduate or drop below half-time enrollment (6 credits) for more than six months, federal student aid regulations require you to complete Loan Exit Counseling.
Complete your counseling at StudentAid.gov .
What You Will Learn
- Your rights and responsibilities as a borrower
- Repayment options and plans
- Deferment and forbearance options
- Delinquency and default consequences
- Loan forgiveness programs
- Your assigned loan servicer
Loan Repayment
You will have a six-month grace period before your first loan payment is due.
If you received a Federal Direct Unsubsidized Loan, interest began accruing when the loan was disbursed. If unpaid, this interest will be added to your loan balance when repayment begins.
You can make payments on accrued interest during the grace period through your loan servicer.
View your loan balance and servicer information by logging into your StudentAid.gov account .
If your name, address, or contact information changes, update your information with both StudentAid.gov and your loan servicer.
Continuing Your Education
Even if you plan to attend another college, you are still required to complete Loan Exit Counseling.
If you return to school at least half-time, your loans may qualify for an in-school deferment. Contact your loan servicer to request this status.
Confirmation
After completing Loan Exit Counseling, you will receive a confirmation page. The Financial Aid Office will also receive notification of completion.