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| Loan Exit Counseling |
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Before you graduate, or when you drop below
half-time attendance, you are required to complete an exit counseling
session. Both the Stafford and Perkins Loan Programs require Exit
Counseling. The Exit requirement is part of the federal consumer
information act and provides students with important information
concerning their rights and responsibilities. The following are
samples of the type of information students can obtain as part
of the Exit Interview process:
- Keep copies of all your loan papers. This should include
your financial aid award offers, application/promissory notes,
and any correspondence relating to financial aid.
- Promptly notify your loan holder of any address or enrollment
change.
- What additional possibilities exist for deferments /forbearance.
- Am I eligible for cancellation benefits.
- Is consolidation a reasonable option for me?
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