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National Student Loan Data Systematic Counseling by SSN Report (SCH01A) and Exit Counseling Report (SCH01B)May 24, 20021.0 HOLDS Exit Counseling by SSN Report Extract File Layout (SCH01A)The Exit
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How to fill out exit counseling by ssn

01
To fill out exit counseling by SSN, follow these steps:
02
Visit the website of your loan servicer or the Federal Student Aid website.
03
Log in using your Social Security Number (SSN) and other required information.
04
Navigate to the exit counseling section or find the specific form for exit counseling.
05
Fill out the form by providing accurate information as requested, including your SSN.
06
Read all the instructions and questions carefully before answering.
07
Answer each question honestly and to the best of your knowledge.
08
Review your responses to ensure they are correct and complete.
09
Submit the form electronically or follow the provided instructions for submission.
10
Keep a copy of the completed exit counseling form for your records.
11
Follow any additional steps or instructions provided by your loan servicer or the Federal Student Aid website.

Who needs exit counseling by ssn?

01
Exit counseling by SSN is typically required for individuals who have borrowed federal student loans while attending college or university.
02
This counseling is mandatory for borrowers who are completing their studies, graduating, leaving school, or dropping below half-time enrollment.
03
It helps borrowers understand their rights and responsibilities regarding loan repayment, as well as important information about repayment plans, loan consolidation, deferment, and forbearance options.
04
The purpose of exit counseling is to ensure borrowers are well-informed about their loan obligations and are prepared to successfully manage their student loan debt after leaving school.

What is Exit Counseling by SSN Report (SCH01A) - ifap ed Form?

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Exit counseling by SSN is a requirement for all individuals who have received student loans and are leaving school or dropping below half-time enrollment.
Any student loan borrower who is leaving school or dropping below half-time enrollment is required to complete exit counseling by SSN.
Exit counseling by SSN can be completed online through the Department of Education's website or in person with a financial aid advisor.
The purpose of exit counseling by SSN is to ensure that borrowers understand their rights and responsibilities regarding their student loans and to prepare them for repayment.
Information such as repayment options, loan servicer contact information, and loan forgiveness programs must be reported on exit counseling by SSN.
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