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EXIT COUNSELING GUIDE FOR BORROWERS OF DIRECT LOANS AND FEDERAL FAMILY EDUCATION PROGRAM LOANS U.S. Department of Education Are Duncan Secretary Federal Student Aid James W. Muncie Chief Operating

How to fill out exit counseling guide for

How to fill out exit counseling guide for:

1. Start by gathering all the necessary information and documents. This may include your student loan details, contact information, and financial aid information.
2. Go through the exit counseling guide carefully and familiarize yourself with the information provided. Pay attention to any specific requirements or instructions mentioned.
3. Begin the exit counseling process by logging in to the designated website or portal. Follow the instructions to access the exit counseling form.
4. Provide your personal information accurately. This may include your full name, social security number, date of birth, and current contact information.
5. Enter your student loan details, including the types of loans you have, the loan servicers, and the loan amounts. Ensure that all the loan information is entered correctly.
6. Review and understand the repayment options available for your loans. The exit counseling guide should provide an overview of various repayment plans, such as income-based repayment, graduated repayment, or standard repayment.
7. Evaluate your financial situation and consider which repayment plan would be most suitable for you. Take into account your income, expenses, and other financial obligations.
8. Proceed to complete any additional sections or questions in the exit counseling guide. These may cover topics such as loan consolidation, loan forgiveness programs, deferment or forbearance options, or loan default prevention.
9. Seek clarification or assistance if you encounter any confusion or difficulties during the exit counseling process. Contact your loan servicer or the financial aid office at your educational institution for guidance.

Who needs exit counseling guide for:

1. Students who have received federal student loans are required to complete exit counseling before leaving school, graduating, or dropping below half-time enrollment. This ensures that they fully understand their loan obligations and repayment options.
2. Borrowers who have taken out federal Parent PLUS loans on behalf of their dependent undergraduate students may also need to go through the exit counseling process.
3. Exit counseling may also be necessary for students who have received institutional or private loans, although the specific requirements may vary depending on the lender or educational institution.

Overall, anyone who has borrowed money for educational purposes should check with their loan servicer or financial aid office to determine if they need to complete an exit counseling guide.

For pdfFiller’s FAQs

What is exit counseling guide for?

Exit counseling guide is for providing information to borrowers about their rights and responsibilities upon leaving school or dropping below half-time enrollment.

Who is required to file exit counseling guide for?

All federal student loan borrowers are required to complete exit counseling when they graduate, leave school, or drop below half-time enrollment.

How to fill out exit counseling guide for?

Exit counseling can be completed online through the Department of Education's website or in person with a financial aid counselor at the borrower's school.

What is the purpose of exit counseling guide for?

The purpose of exit counseling guide is to ensure that borrowers understand their loan terms, repayment options, and obligations before entering repayment.

What information must be reported on exit counseling guide for?

Exit counseling guide should include information on loan amounts, repayment plans, deferment and forbearance options, and contact information for loan servicers.

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