Exit Counseling for Student Loans

Discussion in 'Community Discussion' started by dukebound85, Aug 17, 2013.

  1. dukebound85 macrumors P6

    dukebound85

    Joined:
    Jul 17, 2005
    Location:
    5045 feet above sea level
    #1
    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
     
  2. Zombie Acorn macrumors 65816

    Zombie Acorn

    Joined:
    Feb 2, 2009
    Location:
    Toronto, Ontario
    #2
    Schools usually require it before issuing your degree. It may be a state school thing. I can't remember the exact details though.
     
  3. rockyroad55 macrumors 601

    rockyroad55

    Joined:
    Jul 14, 2010
    Location:
    Phila, PA
    #3
    I would call your loan servicer and see what they can do.
     
  4. mobilehaathi macrumors G3

    mobilehaathi

    Joined:
    Aug 19, 2008
    Location:
    The Anthropocene
    #4
    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...
     
  5. Voodoofreak macrumors regular

    Joined:
    Jul 7, 2012
    #5
    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.
     
  6. vjarnot macrumors newbie

    Joined:
    Aug 19, 2013
    #6
    None of us can tell you definitively. Depends on the school.
     
  7. sdilley14 macrumors 65816

    Joined:
    Feb 8, 2007
    Location:
    Mesa, AZ
    #7
    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. ;)
     

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