When you leave school or drop below half-time enrollment, you must complete exit counseling.
Exit counseling is designed to ensure that you are aware of your student loan commitments and are prepared to repay them.
You’ll find out how much your federal student loan payments will be when you graduate. They’ll provide a repayment plan that best fits your future plans and objectives.
- 1 Begin Exit Counseling based on the kind of student you are
- 2 Complete Exit Counseling
- 2.1 Who should be in charge of this?
- 2.2 How much time will it take?
- 2.3 What do I require?
- 2.3.1 What does it mean to be enrolled half-time?
- 2.3.2 If I withdraw and do not intend to return to school, do I have to undergo exit counseling?
- 2.3.3 If I need assistance with exit counseling, who should I contact?
- 2.3.4 I’m leaving school, but I’ll be beginning a new program shortly. Do I need to finish departure counseling?
- 2.3.5 Where can I have my contact information updated (email, phone number, address, etc.)?
Begin Exit Counseling based on the kind of student you are
It’s possible that your institution has different departure counseling requirements. Consult the financial assistance office at your institution.
Please download the Exit Counseling PDF if the counseling meets your school’s exit counseling criteria and your school wants you to do it manually.
Complete Exit Counseling
1. Visit studentaid.gov/exit-counseling
2. Click “Log In To Start” under your student type.
3. Once logged in, confirm your contact information.
4. Review your student loan´s amount.
Once confirmed, you´ll learn more about interest accrual and capitalization.
5. Next, you´ll learn about your roles and responsibilities for paying back your student´s loan(s).
6. Enter additional information to compare repayment strategies, repayment plans, and explore student loan consodilation as an option.
7. Review your summary and press “Finish” to complete exit counseling.
Who should be in charge of this?
Borrowers of federal student loans who are
Leaving school, graduating, or falling below half-time enrollment are all examples of dropping below half-time enrollment.
PLUS for the parent Exit counseling is not mandatory for loan debtors.
How much time will it take?
It takes roughly 30 minutes to complete exit counseling. You must finish it in one sitting; you cannot save and resume an unfinished session.
What do I require?
- Account on StudentAid.gov that has been verified
- Name of the school (s)
- Contact Information has been updated.
What does it mean to be enrolled half-time?
Half-time enrolment refers to students who are only enrolled in half of the full-time course load they are supposed to take. The cost of attendance (COA) may be affected by half-time enrollment, and each institution may have its own definition of what constitutes half-time enrollment.
If I withdraw and do not intend to return to school, do I have to undergo exit counseling?
When you withdraw, drop below half-time enrollment, or leave school for any reason, you must complete departure counseling.
If I need assistance with exit counseling, who should I contact?
For assistance with departure counseling, contact your school’s financial aid office.
I’m leaving school, but I’ll be beginning a new program shortly. Do I need to finish departure counseling?
Even if you intend to return to school later, you must complete exit counseling when you leave your current institution.
Where can I have my contact information updated (email, phone number, address, etc.)?
Go to Communications Settings in exit counseling to update your contact information.