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.
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.
This counseling session covers the following federal student loan types:
Direct Subsidized Loans
Direct Unsubsidized Loans
Direct Graduate PLUS Loans (for graduate/professional students)
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:
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.
Remember, as you were informed in your Federal Perkins entrance interview, this loan is different from others:
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 Student Financial Services, or if you choose to sign electronically, results will be automatically routed to our office within 24 business hours.
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.