Loan Repayment and Exit Counseling

Exit counseling provides important information to prepare you to repay your federal student loan(s). The following exit counseling tools are recommended for all students who have borrowed loans and are now planning to graduate, leave school or drop below half-time.

Depending on the type(s) of loans you have, you may be required to complete TWO exit counseling sessions: one for Federal Stafford Loan(s) and one for Perkins/Nursing Loan(s).

Listed below is more information regarding these two types of exit counseling sessions and loan consolidation information.

Stafford Loan and Federal Direct Loan Exit Counseling

If you have a Federal Subsidized, Unsubsidized, and/or Graduate PLUS loans you should complete the loan exit counseling session online at the U.S. Department of Education’s studentloans.gov website which explains all of your rights and responsibilities regarding the repayment of your loan.  

The loan exit interview information must be provided either via the studentloans.gov website or our online Loan Exit Interview form instead. You do not need to notify OSFA when you have completed the loan exit counseling session.

Perkins/Nursing Loan Exit Counseling

If you have a Perkins, Health Professions, Nursing, or loans for the Deaf and Blind, MANN, ASUA, ARMA, or Dougherty Loan you are required to complete a different loan exit counseling session. More information is on the Bursar's Web page. If you have one of these loans, and do not complete the exit counseling session, your student account will be put on hold until the exit interview is completed and received by Bursar's Accounts Receivable. You will not be able to register, receive transcripts, grades, or a diploma.

Exit Counseling Guide

This U.S. Department of Education's Exit Counseling Guide will help you understand your rights and responsibilities as a student loan borrower.

Depending on your financial circumstances during repayment, you may want to consider different repayment options. Currently, there are four repayment options with the Income Based Repayment (IBR) being available effective July 1, 2009. Use the Loan-repayment calculator to compare your repayment options.

Loan Forgiveness

For information on loan forgiveness, you should review the web page of your prior federal student loan lender or the Department of Education. Some potential employers may also have loan forgiveness programs, be sure to add this item to the list of benefits you're considering when accepting employment.

Teacher Loan Forgiveness

The Teacher Loan Forgiveness Program is intended to encourage students to enter and continue in the teaching profession. See the US Department of Education for more information.

Loan Consolidation 

You may want to consider consolidating your loans. For more information, we suggest you visit the following pages:

Loan consolidation tips ( U.S. Department of Education) 

Learn about refinancing your Private Loans.

Login to the National Student Loan Data System (NSLDS) to confirm the Loan Servicer(s) on your loan(s). You can also view other important information regarding your loans on NSLDS including repayment statuses and interest rates.