The federal government requires that you complete a student loan exit counseling session prior to graduating or stop attending at least half-time. The purpose of the session is to help you understand your rights and responsibilities as a student loan borrower and help you setup repayment plans and contact information after you leave school.  If you do not complete exit counseling, your lender(s) will assign a repayment option to you.

Direct Loan exit counseling can be completed online through Direct Loan Servicer and selecting exit counseling at the top of the page.

If you have had loans at other institutions you should also contact your other lender(s) to let them know you will no longer be enrolled.  Review the National Student Loan Data System (NSLDS) for your loan balances and lender contact information.

More information about exit counseling can be found in the Exit Counseling Guide for Direct Loan Borrowers