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Understand Your Rights and Responsibilities as a Direct Loan Borrower

Before you withdraw, graduate, or drop below half-time attendance (regardless of whether you plan to transfer to another school or not), regulations require that you complete an exit counseling session for your Federal Stafford Loans, both subsidized and unsubsidized. The counseling session provides information about how to manage your student loans after college.

Exit Counseling Will:

  • Explain your rights and responsibilities as a Direct Loan borrower
  • List contact information for your loans
  • Provide information and terms to help you make the right choices regarding:
    • Money management
    • Payment of interest & capitalization
    • Avoiding delinquency & default
    • Deferment & forbearance (postponing payments)
    • Conditions for canceling all or part of your loan
    • Loan consolidation
    • Loan repayment by plan and amount


Complete Exit Counseling


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