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20232024 DIRECT LOAN CONFIRMATION FORM3377 Bayview Avenue, Toronto, ON, M2M 3S4 Phone: 416.226.6620 ext. 2177 Fax: 416.226.2184 Email: financialaid@tyndale.caOPE ID: 02216400This form is required

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How to fill out direct loan exit counselling

01

Log in to your student loan account

02

Navigate to the 'Exit Counselling' section

03

Select 'Direct Loan Exit Counselling'

04

Read and understand the provided information about loan repayment, rights, and responsibilities

05

Complete the online quiz at the end of the counselling session

06

Submit the counselling certification if required

07

Review and confirm your completion of the counselling session

Who needs direct loan exit counselling?

01

Anyone who has received a Direct Loan and is graduating, leaving school, or dropping below half-time enrollment needs to complete Direct Loan Exit Counselling.

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What is direct loan exit counselling?

Direct loan exit counseling is a mandatory process that provides information to borrowers about their rights and responsibilities when they leave school or drop below half-time enrollment. It ensures that borrowers understand their loan repayment terms and options.

Who is required to file direct loan exit counselling?

All borrowers who have taken out direct loans and are graduating, withdrawing, or dropping below half-time enrollment are required to complete direct loan exit counseling.

How to fill out direct loan exit counselling?

To fill out direct loan exit counseling, borrowers must access the online counseling session through the Federal Student Aid website, follow the prompts, provide requested personal and loan information, and complete the required questionnaire.

What is the purpose of direct loan exit counselling?

The purpose of direct loan exit counseling is to inform borrowers about their loan repayment options, the importance of managing student debt, and to prepare them for the financial responsibilities they will encounter after school.

What information must be reported on direct loan exit counselling?

Borrowers must report personal information such as their name, address, and contact information, along with details about their federal student loans, including loan types, outstanding balances, and expected monthly payments.

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