What is Exit Counseling?
Exit Counseling is a requirement for all students who receive Federal Student loans. You are required to complete Exit Counseling when you graduate, leave school or drop below half-time enrollment.
How do I complete Exit Counseling?
Exit Counseling can be completed online at studentloans.gov. You'll log in using your FSA ID and it will take about 20-30 minutes to complete. You will need to provide your updated contact information as well as contact information for next of kin and two references.
What is included in the Exit Counseling?
Exit Counseling provides you with important information regarding your rights and responsibilities associated with borrowing and repaying your Federal Student Loans. You will be able to view your current loan balance as well as your servicer information. It will also cover information on consolidation, deferment, repayment options, forbearances, and general budgeting.
Do I have to complete Exit Counseling?
Yes! If the GSC Financial Aid Office has notified you, you MUST complete Exit Counseling. Even if you are planning on returning to GSC in a subsequent term, you are still required to complete Exit Counseling. Completing Exit Counseling does NOT cause your loans to go into repayment.