Student Loan Exit Counseling

Understand Your Rights and Responsibilities as a Direct Loan Borrower

Before you withdraw, graduate, or drop below half-time attendance (regardless of whether you plan to transfer to another school or not), regulations require that you complete an exit counseling session for your Federal Stafford Loans, both subsidized and unsubsidized. The counseling session provides information about how to manage your student loans after college.

Exit Counseling Will:

  • Explain your rights and responsibilities as a Direct Loan borrower
  • List contact information for your loans
  • Provide information and terms to help you make the right choices regarding:
    • Money management
    • Payment of interest & capitalization
    • Avoiding delinquency & default
    • Deferment & forbearance (postponing payments)
    • Conditions for canceling all or part of your loan
    • Loan consolidation
    • Loan repayment by plan and amount

Exit Counseling Guide: For Direct loan Borrowers

The U.S. Department of Education has compiled the Exit Counseling Guide: For Direct loan Borrowers. This guide provides a general overview of information that you will need to successfully repay the Direct Subsidized, Direct Unsubsidized, and Direct PLUS Loans that you have received to help pay for your college costs. For more detailed information about any of the topics covered in this guide, see your Master Promissory Note or your copy of the Borrower’s Rights and Responsibilities Statement. Much of the information in this booklet is a part of exit counseling, which you must complete when you leave school.

  • 40% of the 2019 spring graduates borrowed a federal direct loan.
  • The average loan debt of all STCC graduates is $3,243