Upon ceasing enrollment and prior to beginning repayment, you will be required to complete exit counseling if you have received any of the following:
- Subsidized/Unsubsidized Stafford or Graduate PLUS loan through the Direct Loan (DL) and/or Federal Family Education Loan (FFEL) programs
- Federal TEACH Grant
- Federal Perkins loan
- University loan (Institutional loan from Stanford, e.g. Avery Loan)
Exit counseling will provide information about borrower rights, responsibilities regarding loan repayment, and review the TEACH Grant service requirements. To determine how much you have received in federal loans and/or TEACH Grants, you should consult the National Student Loan Data System (NSLDS).
Loan Exit Counseling Sessions for June Graduates
On June 15, 2017, the Financial Aid Office and Student Financial Services presented loan exit counseling information to graduating students at the Graduate Community Center. Here are video recordings from the exit counseling sessions:
- Student Loan Exit Counseling - Direct Subsidized/Unsubsidized and PLUS Loans
- Student Loan Exit Counseling - Perkins and Institutional loans
- Federal Direct/FFEL Stafford (Subsidized/Unsubsidized) and Graduate PLUS Loan Exit Counseling
- Federal Perkins Loan and University Loan (including Avery) Exit Counseling
- Federal TEACH Grant/Loan Exit Counseling
- Exit Counseling Information Sheet June 2017
Online Exit Counseling
You can complete your exit counseling requirements online. The online process is different for each program.
Direct Subsidized/Unsubsidized (Stafford) and Graduate PLUS LoansGo to https://studentloans.gov/ and sign in with your FSA ID. If you do not have an FSA ID, follow the prompts to create one. Click the link for Complete Counseling, then click the link for Exit Counseling. Follow the prompts to complete the exit counseling process, which covers both DL and FFEL borrowers.
Perkins and University LoansYou will receive an email message from University Accounting Service with information about how to complete the exit counseling process for these loan types. Questions about the exit counseling process for Perkins and University loans should be directed to the Student Services Center.
TEACH GrantsGo to the NSLDS Exit Counseling web page. In the section titled TEACH Grant Exit Counseling, click the Start button, then follow the prompts to complete the exit counseling process.
You do not need to notify the Financial Aid Office or Student Financial Services upon completion of your exit counseling requirement. However, you are welcome to contact our office with any follow-up questions.
For questions about your individual student loans, you should contact your loan servicer. To identify your loan servicer, you should consult NSLDS. Please note that private (non-federal) education loans and Stanford University loans are not included in NSLDS.
If you encounter difficulties with your lender, you may wish to contact the U.S. Department of Education’s Federal Student Aid Ombudsman. The Ombudsman provides borrowers with information and guidance to resolve concerns about their student loans. As an advocate, the Ombudsman can research problems and determine if you have been treated fairly. Here is the contact information for the Ombudsman’s office:
U.S. Department of Education
FSA Ombudsman Group
P.O. Box 1843
Monticello, KY 42633
If you plan to re-enroll at Stanford or another college or university, please notify yourloan servicer. You may need to complete an in-school deferment request to postpone repayment. You should continue to make monthly payments until you are officially notified of approval of your deferment request.Updated on October 31, 2017 9:21 AM