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This document outlines the rights and responsibilities of borrowers regarding their Perkins Student Loan. It includes information on repayment schedules, loan cancellation, deferment requests, default

How to fill out perkins exit counseling

How to fill out Perkins Exit Counseling

1. Start by accessing the loan servicer's website for Perkins Loans.
2. Log in using your student credentials or create an account if you do not have one.
3. Locate the Exit Counseling section in the menu or dashboard.
4. Read through the introductory information provided about Perkins Loans.
5. Complete any required personal information fields, such as your name, Social Security number, and contact details.
6. Review your loan details, including the amount borrowed and the repayment terms.
7. Answer the questions on budgeting and repayment options, providing accurate and honest information.
8. Submit any required documents or signature where prompted.
9. Review your answers and confirm that everything is complete and accurate.
10. Submit the exit counseling form and ensure you receive a confirmation of completion.

Who needs Perkins Exit Counseling?

1. Students who have received Perkins Loans and are graduating, leaving school, or dropping below half-time enrollment.
2. Borrowers who have exhausted their grace period and need to understand their repayment responsibilities.

People Also Ask about

What happens if I don't complete exit counseling?

Exit counseling is required whenever you finish a program or switch institutions.

What happens if you don't do loan exit counseling?

Not completing the exit loan counseling after dropping below half time can put you at risk for not getting anymore financial aid. Just get it done, it doesn't take too long, and will not hold you back from obtaining aid in the Spring.

When should I complete loan exit counseling?

You must complete exit counseling when you leave school or drop below half-time enrollment. The purpose of exit counseling is to ensure you understand your student loan obligations and are prepared for repayment. You'll learn about what your federal student loan payments will look like after school.

Do I need to complete exit counseling when transferring?

Exit counseling is required whenever you finish a program or switch institutions.

Do transfer students need to do exit counseling?

You must complete exit counseling when you leave school or drop below half-time enrollment. The purpose of exit counseling is to ensure you understand your student loan obligations and are prepared for repayment. You'll learn about what your federal student loan payments will look like after school.

For pdfFiller’s FAQs

What is Perkins Exit Counseling?

Perkins Exit Counseling is a requirement for students who have received a Federal Perkins Loan to ensure they understand their rights and responsibilities regarding repayment of the loan after leaving school.

Who is required to file Perkins Exit Counseling?

Students who have received Federal Perkins Loans are required to complete Perkins Exit Counseling before graduating, withdrawing, or dropping below half-time enrollment.

How to fill out Perkins Exit Counseling?

Perkins Exit Counseling can typically be completed online through the loan servicer's website or the school's financial aid office. Students need to provide personal information, details about their loans, and how they plan to manage repayment.

What is the purpose of Perkins Exit Counseling?

The purpose of Perkins Exit Counseling is to inform borrowers about their loan obligations, repayment options, and the importance of making timely payments to avoid default.

What information must be reported on Perkins Exit Counseling?

During Perkins Exit Counseling, borrowers must report personal information, the amount borrowed, interest rates, repayment options, and contact information for their loan servicer.