Exit Counseling for Student Loans

[dukebound85]

DO I need to do this?

I received an email from my university stating I need to conduct this as I have student loans out.

However, all my loans I had taken out were when I was in undergrad and I did my exit counseling then. I took no loans out during grad school and was merely in deferment.

At anyrate, I am paid quite a bit up in advance but if I do exit counseling now, it resets my pay back period for 10 years again. How can I keep my old pay back period?

Thanks

 

[Zombie Acorn]

Schools usually require it before issuing your degree. It may be a state school thing. I can't remember the exact details though.

 

[rockyroad55]

I would call your loan servicer and see what they can do.

 

[mobilehaathi]

Why would resetting the pay period matter? Surely you could continue to pay as you have been? (Sorry if I'm missing something obvious.)

For each of my degrees, even though I only took out one small loan in undergrad, I had to go through loan exit counseling. Didn't take long...

 

[Voodoofreak]

I had to do it as a requirement. I recall filling out a form and mailing it in. Afterwards, a call with Direct Loan folks.

 

[vjarnot]

DO I need to do this?

None of us can tell you definitively. Depends on the school.

 

[sdilley14]

Sounds like an issue you should take up with your school/loan servicer. Or just don't do it because someone on here said you didn't have to, and see how that goes over.