Exit Counseling

About Exit Counseling

Student loans, unlike grants and work-study, are borrowed money that must be repaid, with interest. You cannot have these loans canceled because you weren’t satisfied with the education you received, didn’t get a job after graduation or because you’re having financial difficulty. Loans are legal obligations that you must repay. The TEACH Grant requires Exit Counseling because it has the potential to become a Federal Direct Unsubsidized Stafford Loan if the Agreement to Serve contract is not satisfactorily met.

Exit Counseling is Required:

  • When you withdraw, graduate, or drop below half-time attendance (even if you have an approved leave of absence and plan to re-enroll at Manhattan College, or transfer to another school).
  • To help you understand your rights and responsibilities as a student loan borrower.
  • To provide useful tips and information to help you manage your loans.
  • Because it is a mandatory federal requirement. A related hold (preventing future registration and release of transcripts) will be placed on all relevant accounts until official proof of completion is received.

At the end of the exit counseling session, you will be asked for information that will be included as part of your loan records. This includes names, addresses and phone numbers for your next of kin, two references who live in the United States, and your future employer (if known). You will also need your driver’s license number if you have one. Having this information with you when you start will make your exit counseling session go more quickly and smoothly.

Begin Stafford Loan Exit Counseling »

Begin Perkins Loan Exit Counseling »

Begin TEACH Grant Exit Counseling »

Federal Direct Stafford Loans

This counseling session covers the following federal student loan types:

William D. Ford Direct Loan (Direct Loan) Program loans

Direct Subsidized Loans
Direct Unsubsidized Loans
Direct Graduate PLUS Loans (for graduate/professional students)

Federal Family Education Loan (FFEL) Program loans

Subsidized Federal Stafford Loans
Unsubsidized Federal Stafford Loans
Federal Graduate PLUS Loans (for graduate/professional students)

The exit counseling session consists of the following sections: 

  • Getting Started
    • Types of Federal Student Loans
    • Loan Terminology 
  • Repaying Your Loan
    • Loan Summary Information (NSLDS)
    • Interest Rates & Payment of Interest
    • Entering Repayment 
    • Repayment Incentives 
    • Repayment Plans
    • Making Payments 
  • Having Trouble Making Payments
    • Deferments 
    • Forbearances 
    • Delinquency and Default 
    • Loan Consolidation 
  • Discharge and Forgiveness
    • Loan Discharge
    • Loan Forgiveness 
  • Resources
    • Financial Literacy 
    • Additional Information
    • Borrower's Rights and Responsibilities

Take your time to carefully review the information in each section. There will be a series of short quizzes that you will be required to complete before continuing through the session. Please note that you must complete the entire session once you begin. If you exit the counseling before completing the session and return later, you will need to start over from the beginning. The entire session takes approximately 30 minutes to complete.

Begin Stafford Loan Exit Counseling »

  • Log in to studentloans.gov and select Complete Counseling, then Exit Counseling.

Federal Perkins Loans

Remember, as you were informed in your Federal Perkins entrance interview, this loan is different from others:

  • Your timely repayment of your Perkins Loan means that Manhattan College can continue to make Perkins funds available to future students! It’s like recycling money, in a sense.
  • Your Perkins Loan has a nine-month grace period.  If you pay back your loan during that grace period, you do not have to pay interest.
  • There are opportunities for deferment and cancellation of your Perkins Loan. Information is available through the aforementioned campus partners web address.

In order to complete the exit interview online, visit mycampusloan.com

Once there, select “First Time Users: Click Here.” There is an option during that step to retrieve your account number information, if needed. Select and complete your E-Exit once you are logged in. Results can be printed and submitted to Financial Aid Administration, or if you choose to sign electronically, results will be automatically routed to our office within 24 business hours.

Federal TEACH Grant

It is recommended that you meet with a financial aid counselor to further discuss any questions you have related to the TEACH Grant. It is also helpful to review the TEACH Grant FAQ section.

Please complete Exit Counseling at nslds.ed.gov. We will receive electronic notification in 1-2 business days.