Students that received Federal Student Loans and/or TEACH Grants, and are now planning to:
- leave school
- or drop below half-time
must complete Exit Counseling.
Important note: Students completing Exit Counseling are encouraged to access the National Student Loan Data System or NSLDS in order to retrieve and review loan information, especially if the student believes they have multiple lenders or grant awards. The National Student Loan Data System is the U.S. Department of Education’s central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan Program, and other Department of Education programs. NSLDS provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data.
Exit Counseling is performed at the Department of Education’s Student Loans website.
Depending on the types of Federal Aid you have, you may be required to complete THREE Exit Counseling sessions: Federal Direct Loan(s); Federal Perkins Loan(s); and one for the Federal TEACH Grant. Listed below is more information regarding the aforementioned types of Exit Counseling sessions and loan consolidation information.
Federal Loan Exit Counseling
If you have a Federal Direct Subsidized loan, Federal Direct Unsubsidized loan, Federal Direct Parent PLUS Loan, and/or Federal Direct Graduate PLUS Loan, you must complete a loan Exit Counseling session online at the Department of Education’s Student Loans website.
Federal Perkins Loan Exit Counseling
If you have a Federal Perkins Loan, you are required to complete another loan Exit Counseling session. You may complete this loan Exit Counseling session online at the Department of Education’s Student Loan website.
Federal TEACH Grant Exit Counseling
If you were awarded a Federal TEACH Grant, you are required to complete another Exit Counseling session. You may complete this Exit Counseling session online at the Department of Education’s Student Loan website.
In order to get lower monthly payments on your student loans, you may want to consider consolidating them. For more information, we suggest that you visit the US Department of Education Direct Servicing Consolidation Web Page. If all of your loans are not with the same company, you can use the National Student Loan Data System to determine who services or holds your student loans.