If you have applied for graduation and have received a federal student loan or a Federal TEACH grant, you are required to complete loan exit counseling prior to your graduation. This federally-required exit counseling will help you understand the next steps with your student loans and/or TEACH grant.
In addition, if you are leaving DePaul , either permanently or for a period of time, you need to complete the federally-required exit counseling process for any federal student loan or TEACH grant you may have received.
We strongly recommend that you complete your required loan exit counseling sessions online. If after completing this requirement, you would also like to have an in-person loan exit counseling session, you are welcome to meet with a financial aid counselor. Financial aid counselors are available on a walk-in basis at DePaul Central Loop and Lincoln Park.
Federal Direct Loan Exit Counseling
As you complete your exit counseling, pay special attention to:
- Loan consolidation
- Loan deferment
- Payment options (standard repayment, extended repayment, graduated repayment, and income contingent repayment)
- Loan forbearance
Remember: Do not hesitate to contact the Direct Loan Servicer or any other lender if you have questions about loan consolidation or repaying your student loans. Do not hesitate to ask questions of your lenders or the financial aid staff. You may also find the PDF publications Exit Counseling Guide for Direct Loan Borrowers, Direct Consolidation Loans and our Consolidation FAQ to be useful aides to your online exit counseling.
The Direct Loan Servicing Online web site will display your entire Direct Loan borrowing history at DePaul. If you have federal loans from other schools, you may wish to visit the National Student Loan Data System (NSLDS) to view your entire post-secondary borrowing history.
How To Complete the Online Exit Counseling Requirement: If you have borrowed a Direct Subsidized, Unsubsidized or Grad Plus loan, please visit the Direct Loan Exit Counseling web site. You will need your FAFSA pin number to access Direct Loan Exit Counseling.
The Office of Financial Aid will receive confirmation upon your completion of this requirement.
Federal Perkins Loan Exit Counseling
If you have borrowed under the Federal Perkins Loan program, you also will need to complete exit counseling for your Perkins Loan.
Federal TEACH Grant Exit Counseling
If you have received the Federal TEACH Grant, you also will need to complete exit counseling for the TEACH Grant. Please visit the federal exit counseling website and follow the links for TEACH grant exit counseling.
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