Exit Counseling is a learning opportunity for you as a borrower to understand your rights and responsibilities regarding repayment options. It also provides information for alternative options (for example, deferment and forbearance) if you expect you may have trouble with repayments. Exit Counseling is not loan forgiveness; however, you can explore different loan forgiveness programs related to teaching on our Federal Loan Repayment Checklist.
After receiving federal financial aid, Exit Counseling is required from all students who:
- Are expecting to graduate
- Have dropped below half-time enrollment
- Withdraw or stop attending
- Transfer to another school
- Take a leave of absence greater than 180 days
The length of time it takes to complete Exit Counseling depends on the individual. It usually takes students between 20-30 minutes. Please note you cannot partially complete a counseling session, save it, and finish at a later time. The counseling must be completed in one session.