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Loan Exit Counseling Facts & Tips

Discover different loan types, common terms, and where to find your federal, institutional, and private loans. Learn about repayment options and complete necessary exit counseling online.

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Loan Exit Counseling Facts & Tips

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  1. Loan Exit Counseling Facts & Tips

  2. AGENDA What are the different loan types? What are some common loan terms? Where can I find my loans and who is my loan servicer? What are my Federal Direct Loan repayment options? How do I complete Exit Counseling for my Loans?

  3. Loan Types Federal Direct Loans: Subsidized, Unsubsidized, Parent PLUS, and Graduate PLUS Perkins Loans Institutional Loans Private Loans

  4. Common Terms

  5. Common Terms

  6. Consolidation Cancellation/Forgiveness

  7. Where Can I Locate My Federal Loans? All federal loans (subsidized, unsubsidized, PLUS and Perkins) can be located at NSLDS: National Student Loan Data System. Tells you who is servicing your loans Tells you when repayment begins Tells you your interest rate Tells you what payment plan you are on WWW.NSLDS.ED.GOV

  8. Where Can I Locate My Institutional Loans? Institutional Loans through Valparaiso University can be located with University Accounting Services (third party Valpo uses to service your loans) https://www.uaservice.com/ Phone: 800-999-6227

  9. Where Can I Locate My Private Loans? You will need to know who you borrowed private loans from and contact them regarding repayment options. Your private loans are included on the cumulative loan report found in your exit packet.

  10. Repayment Options for Federal Direct Loans?

  11. Borrower Case Study for Non-Income-Driven Repayment Plans Amount borrowed: $35,449

  12. Borrower Case Study for Income-Driven Repayment Plans Single, family of one AGI: $35,000 Amount borrowed: $35,449

  13. COMPLETE EXIT COUNSELING! Federal Direct Loans On-line tutorial that takes between 20-30 minutes Is required when you withdraw, graduate, or drop below half-time attendance (even if you plan to transfer to another school) Helps you understand your rights and responsibilities as a student loan borrower Provides useful tips and information to help you manage your loans Complete on-line at www.StudentLoans.gov

  14. Exit Counseling for Other Loans • Perkins Loan: www.myloancounseling.com • Institutional Loans: www.myloancounseling.com • Private Loans: Done through your lender

  15. Questions? How to contact Financial Aid: finaid@valpo.edu 219-464-5015 www.valpo.edu/financialaid

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