Borrowing loans to pay for your education does have long-term effects, but these effects can be positive. Exit counseling will provide you valuable information about repaying and managing your student loans after you leave school.
Federal regulations require all student loan borrowers to participate in an exit counseling session when they:
- Drop below half time status, or
Exit counseling can be administered in different ways by different schools:
- Attend in-person counseling with your financial aid advisor, in a classroom setting or one-on-one.
If your school uses this method of counseling, you may be given exit counseling materials printed by the U.S. Department of Education.
- Access online student loan counseling through Mapping Your Future or the Federal Direct Loan Program.
Check with your school to find out which method they prefer. Remember, your school must receive verification that you have completed an exit counseling session.