Loan Exit Counseling
If you have borrowed a federal loan from SCC and you will be graduating, withdrawing, or dropped below half-time (6
or more credit hours), you must complete exit counseling. The exit counseling is designed to make you aware of your
repayment responsibilities, familiarize you with your lender(s), give you examples of repayment schedules, and to
answer any questions you may have regarding your loans.
Before you begin repaying your federal loan(s), the federal government requires that you understand the basics of
repayment. On-line exit counseling takes just a few minutes and will cover:
- The necessity of repaying your student loan
- Subsidized, Unsubsidized Stafford, PLUS, and Perkins Loans
- Your repayment options
- Estimating your payments
- Deferment and forbearance
- Reasons for loan cancellation
- Your rights and responsibilities
- Keeping in touch with your lender/servicer
Complete the Loan Exit Counseling
You will need your Social Security Number, Date of Birth, your FSA ID, and names, addresses, phone numbers,
and email addresses for 4 references. This will take approximately 15 to 30 minutes to complete.
SCC is required to provide the additional loan information listed below. The links below are provided for your reference and access only. (FYI)
You can view your federal loan history (Direct, Stafford, Perkins, PLUS, Grad PLUS) at Manage Loans|Federal Student Aid. This website will show all your prior loans, as well as, the lenders and servicing agencies attached to those loans. You will need your FSA ID to access this web site.
Great Advise for Grads 2021
Money Management Tips
Direct Loan Exit Counseling Guide
If you experience problems with your loans, you should first attempt to resolve complaints by contacting your lender or loan servicing agency. If you, have made a reasonable effort to resolve the problem through normal processes and have not been successful, you should contact the FSA Ombudsman.
Deferment and Forbearance
A deferment or forbearance allows you to temporarily postpone making your federal student loan payments or to temporarily reduce the amount you pay.
The Department of Education has a website dedicated to deferment and forbearance.
All in-school deferment request should be submitted to email@example.com for processing.
Public Service Loan Forgiveness
Public Service Loan Forgiveness Information