In your Federal Direct Loan Entrance Counseling for your student loans, it was explained that you are required to complete an Exit Counseling whenever you withdraw, graduate, are approaching graduation, or drop below half-time attendance. The Federal Direct Loan Exit Counseling is required even if you plan to return in the next school session and is also required if you are changing to another school location, even if it is within the same school branch.
You may complete the exit process online or in person at your school. We would prefer you to complete your federal student loan Exit Counseling online at https://studentloans.gov. This link will take you to the Federal Direct Loan site for completion of your Exit Counseling. Sign in to the website and proceed to the Exit Counseling section and follow the instructions for each page and complete the exit process. Once you complete the Exit Counseling, we will automatically be notified and no further action will be necessary on your part.
We have also provided all documentation for you here: Please click on the document(s) that you need, Exit Counseling Guide, Exit Interview Packet and the Know Before You Go Worksheet to keep track of all your loans, complete and return back to your school’s Student Financial Services Department. Again, the quickest and easiest method is to complete the process online.
We want to remind you that your federal student loans will enter repayment six months after your last day of at least half time attendance. If you have already utilized your grace period, you may not be eligible for the full six months grace period before repayment begins.
Please contact your Federal Loan Servicer for details. If you do not know who your Federal Loan Servicer is or for a comprehensive look at your federal student loans, you can visit https://www.nslds.ed.gov. We suggest that you check NSLDS again approximately 60 days after you leave school to ensure all loan amounts are accurately reflected. For helpful information about repayment options and loan management, you can visit http://www.studentaid.ed.gov.
Brown Mackie College has partnered with two Loan Default Management companies: I3 Group and Loan Science to assist you in the maintenance of your student loans. Remember, you have options in repaying your loans, including the option to change your payment plan should your situation change! If you happen to be contacted at some time by one of the two companies mentioned above, rest assured that they are working with us to help ensure you understand all of your Federal Direct Loan options. We urge you take the call and allow them to help you understand your options.
Once you are out of school, you likely will have additional questions about your federal student loan repayment options. Your situation may change, so it is important to be aware of your options. Please review the following list of tips for successful loan repayment.
Top 10 Tips for Successful Loan Repayment: