Student Financial Services Center

Loan Exit Counseling

Federal Direct Loans

What is Exit Counseling?

Exit Counseling provides borrowers with information about their rights and responsibilities during the repayment of their Federal Direct Student Loans, including information about repayment plan and loan deferment options.  For further information, please see the Department of Education's Direct Loan Exit Counseling Guide.  

Who must complete Exit Counseling?

All borrowers of Federal Direct Loans are required to complete Exit Counseling when they graduate, withdraw, or otherwise cease to attend school at least half-time.  This includes borrowers of Federal Direct PLUS (Graduate) Loans. 

Where do I go to complete Exit Counseling for my Federal Direct Loans?

Borrowers can complete Exit Counseling for their Federal Direct Loans online through the Department of Education.  The Department of Education will then send confirmation that you completed Exit Counseling to Michigan Tech’s Financial Aid Office.

Federal Perkins Loans

All borrowers of Federal Perkins Loans are required to complete Exit Counseling when they graduate, withdraw, or otherwise cease to attend school at least half-time.  This Exit Counseling is separate from and in addition to any Exit Counseling they may be required to complete for their Federal Direct Loans.  For further information about completing Exit Counseling for a Federal Perkins Loan, please visit the Financial Services and Operations website.

TECHAID Loans

All borrowers of TECHAID Loans are required to complete Exit Counseling when they graduate, withdraw, or otherwise cease to attend school at least half-time.  This Exit Counseling is separate from and in addition to any Exit Counseling they may be required to complete for their Federal Direct Loans.  For further information about completing Exit Counseling for a TECHAID Loan, please visit the Financial Services and Operations website.