Exit Counseling

Who must complete loan Exit Counseling?

All students who borrow a Federal Stafford and/or Graduate/Professional PLUS loan are required to complete exit counseling before graduation or if enrollment falls below half time status (for fall and spring terms).

If you borrowed from the Perkins Loan program please complete the exit counseling pertaining to Perkins on the Bursar’s website: http://louisville.edu/finance/bursar/studentinfo/campusloans/exit

How to complete the Exit Counseling requirement:

1.

Navigate to www.studentloans.gov and sign in

2.

Select “Complete Counseling” on the next webpage

3.

Select “Start” for Exit Counseling

4.

Complete online exit counseling

5.

Select University of Louisville as a school to notify of your exit counseling results

6.

Please review your “Home” mailing address in ULink and update if necessary

Informational Video from Federal Student Aid "Repay Your Loans"


Online counseling will walk you through your rights and responsibilities as well as provide useful information regarding repayment options, debt management strategies, forbearance, deferment, cancellation options, consolidation, and tax benefits. You will also be able to update your contact information. Staff members will be available to answer questions you may have after completing exit counseling online.

The online exit counseling requirement will review:

  • Your student loan data
  • Entrance counseling
  • Your repayment options
  • Debt management strategies
  • Your rights and responsibilities
  • Forbearance, deferment, and cancellation options
  • Your personal and contact information
  • Available tax benefits
  • Effects of loan consolidation
  • The use of the Master Promissory Note

 

 


There are a variety of tax credits, deductions and savings plans available to taxpayers to assist with the expense of higher education. You should contact a tax advisor or visit www.irs.gov for detailed information on tax credits, deductions or other tax benefits for postsecondary students.

For information regarding loan repayment please visit https://louisville.edu/financialaid/loans/loan-repayment.html
For information regarding loan consolidation please visithttps://louisville.edu/financialaid/loans/consolidation-loan.html

Support & Questions

You have options should you encounter any difficulty with making your student loan payments. Please contact your lender or our office if you ever become delinquent in your student loan payments. Also, please contact your lender anytime your address and/or contact information changes. Upon request, we will offer you support by coordinating with you and your lender.

If you have any questions, contact our office at (502) 852-5511 or send us email at finaid@louisville.edu. A Federal Student Loan Ombudsman is available should you encounter any difficulty with your lenders. The Ombudsman’s office can be contacted toll-free at (877) 557-2575, or you may visit the website at www.fsahelp.ed.gov.