At the end of the exit counseling session, you will be asked for
information that will be included as part of your loan records. This includes names,
addresses and phone numbers for your next of kin, two references who
live in the United States, and your future employer (if known). You will
also need your driver’s license number if you have one. Having
this information with you when you start will make your exit counseling
session go more quickly and smoothly.
The exit counseling session consists of the following sections:
- Getting Started
- Types of Federal Student Loans
- Loan Terminology
- Repaying Your Loan
- Loan Summary Information (NSLDS)
- Interest Rates & Payment of Interest
- Entering Repayment
- Repayment Incentives
- Repayment Plans
- Making Payments
- Having Trouble Making Payments
- Deferments
- Forbearances
- Delinquency and Default
- Loan Consolidation
- Discharge and Forgiveness
- Loan Discharge
- Loan Forgiveness
- Resources
- Financial Literacy
- Additional Information
- Borrower's Rights and Responsibilities
Take your time to carefully review the information in each section. There will be
a series of short quizzes that you will be required to complete before continuing through
the session. Please
note that you must complete the entire session once you begin. If
you exit the counseling before completing the session and return later,
you will need to start over from the beginning. The entire session takes
approximately 30 minutes to complete.