What is Exit Counseling?
Exit counseling provides important information to prepare you to repay your federal student loan(s).
If you have received a subsidized, unsubsidized or PLUS loan under the Direct Loan Program or the FFEL Program, you must complete exit counseling each time you:
- Drop below half-time enrollment
- Graduate
- Withdraw from school
Please note, the FFEL Program ended June 30, 2010 and no new loans have been made under the FFEL Program after that date.
Who Should Complete Exit Counseling?
Students who have received a subsidized, unsubsidized or PLUS loan(s) under the Direct Loan Program or the FFEL Program, must complete exit counseling each time they drop below half-time enrollment, graduate, or leave school.
How long will it take?
The entire online counseling process must be completed in a single session. Most people complete counseling in 20-30 minutes.
What do I need?
Verified FSA ID
- Details on your income, financial aid, and living expenses
- References: names, addresses, e-mail addresses and phone numbers of next of kin
Exit Counseling for Graduating Students
Students graduating from PVAMU are required to complete TWO exit counseling items.
For Undergraduate Students:
- Online Exit Counseling from studentaid.gov
For Master/Doctoral Students:
- Online Exit Counseling from studentaid.gov
Financial Coaching
Need help making decisions with your money? Are you dealing with financial stress? Do you need help understanding financial aid? Through a partnership with your school, trained coaches are ready to answer your questions. This free service is designed to help you make smart financial decisions.
Financial Coaching is available at NO cost to you!
Know Who You Owe
If you’re like many borrowers, you have more than one student loan from more than one source. This can make it difficult to keep track of your loans. To find out who you owe, log into studentaid.gov.
Consolidation Center
If you have multiple student loans you may be able to combine them into one loan with a fixed interest rate based on the average of the interest rates on the loans being consolidated.
A Direct Consolidation Loan allows you to consolidate multiple federal education loans into one loan at no cost to you.
Through your completion of the free Federal Direct Consolidation Loan Application and Promissory Note, you will confirm the loans that you want to consolidate and agree to repay the new Direct Consolidation Loan.
Once the consolidation is complete, you will have a single monthly payment on the new Direct Consolidation Loan instead of multiple monthly payments on the loans you consolidated.
Student Loan Delinquency and Default
If you’ve missed a payment or are having trouble making payments, immediately contact and discuss options with the organization that handles billing and other services for your loan to avoid defaulting on your loan.
Exit Counseling Guide
This guide provides an overview of the information you will need to successfully repay the federal student loan(s) that you’ve received.
Important Notice
You never have to pay for help with your student loans.
Free assistance with managing your loans is provided by your federal loan servicer. If you’re having problems managing your student loans contact your federal loan servicer or the Federal Student Aid (FSA) Ombudsman Group.