Exit counseling is similar to the entrance counseling you received when you first completed your master promissory note. This learning opportunity provides information about your rights and responsibilities as a borrower, including information about various repayment plans and deferment or forbearance options that may be available to you if you are unable to make a payment.
The federal government requires schools to conduct exit interviews with all students who receive specific types of federal student loans.
You need counseling if you have a:
- Direct Subsidized Loan
- Direct Unsubsidized Loan
- Federal Stafford Loan (subsidized or unsubsidized)
- Federal Supplemental Loan for Students
You do not need counseling if you have only:
- Private Education Loans (although some lenders may require exit counseling)
To participate in Counseling, follow the links below: